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Monday, September 25, 2017

The Tighter the Range the Bigger the Breakout - Use SPY $248 As A Guide


One Option Trading Blog http://ift.tt/2htJ1F7 Posted 9:30 AM ET - The market is trying to hold onto the breakout from two weeks ago. Stocks are trading in a tight range and the S&P 500 is waiting for a catalyst. As long as the SPY is above $248 I will trade from the long side. Investors are not worried about a December rate hike or missile tests in North Korea. These events did not spark profit-taking and the bid is strong. Economic conditions are stable and growth is moderate. Earnings have been excellent and the guidance is as good as we've seen in years. The debt ceiling …

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