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Tuesday, August 11, 2020

SPY Is Within Striking Distance of the All-time High - This Feels Like A Buying Climax


One Option Trading Blog https://ift.tt/2CgxuHx Posted 9:30 AM ET - The S&P 500 is set to open higher and it will be 20 points from the all-time high. It's conceivable that we could reach that level today. Russia claims it has the first Coronavirus vaccine and that has investors excited this morning. Coronavirus cases and hospitalizations are trending lower in parts of the US and President Trump is considering a capital gains tax cut. We are in a light news cycle and that favors the current upward momentum. The resurgence of the virus in the last two months has impeded the economic recovery. This is not …

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