One Option Trading Blog https://ift.tt/32KkAtP Posted 9:30 AM ET - The market is waiting for earnings results and third quarter guidance. The reaction will tell us how much gas is left in the tank and it will determine direction the rest of the summer. I believe we will see upward momentum for another week to two weeks and then we should see some profit taking. There were two news items overnight. Politicians agreed to extend the debt ceiling into 2121. Recess is coming up and it is remarkable how they get things done when their vacations are in jeopardy. Neither party wanted to weaponized this. Secondly, …
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