One Option Trading Blog https://ift.tt/2nFYbuB Posted 9:30 AM ET - Last week the S&P 500 and NASDAQ 100 challenged the all-time high. The market lacked a catalyst and the upward momentum stalled when the indices did not breakout. Selling Thursday afternoon spilled over Friday and global markets are soft this morning. The news is light and the upward momentum is gone. Look for choppy trading in a tight range through Labor Day. Credit is always the greatest threat to any market rally. Turkey's currency has been in a freefall and investors are worried about contagion. The US is imposing strict sanctions against Turkey until they release …
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