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Wednesday, August 12, 2020

The S&P 500 Won’t Be Able To Get Through the All-time High Without This


One Option Trading Blog https://ift.tt/2DW0uou Posted 9:30 AM ET - Yesterday the S&P 500 was within 15 points of the all-time high. After attempting to rally to that level most of the day, buyers threw in the towel. Profit-taking was brisk and the futures closed 50 points off of their high. We are in a very light news cycle and this is the type of price action we can expect during the next few weeks. I feel that the upside rewards are smaller than the downside risks. Europe reported Q2 GDP growth was down over 12% on average. The UK was most notable and its growth …

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