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Friday, August 25, 2017

Market Trapped - Don’t Waste Your Capital - Nothing But Noise


One Option Trading Blog http://ift.tt/2xj9UCW Posted 9:20 AM ET - Yesterday demonstrates why I'm keeping my trades to a minimum. The market opened on a positive note and everything looked great for the first half hour of trading. Conditions deteriorated rapidly and a reversal was underway. This is a low probability trading environment. The news is light, the market is right in the middle of its two week range, trading volume has dried up and a major holiday is approaching. If you look at a daily chart of the S&P 500 you can see a tight compression at the all-time high. That low probability trading environment …

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