One Option Trading Blog https://ift.tt/3iXITvs Posted 9:30 AM - The S&P 500 continues to float higher on light volume. We are in the "dog days" of summer and the news cycle is very light. A daily chart of the S&P 500 shows tiny bodied candles and the market has tended to close right where it opens. I believe the upside rewards are smaller than the downside risks. Earnings season has ended and Q2 profits were down more than 30% on average. The second wave of the Coronavirus has impeded the economic recovery and Q3 is likely to disappoint. At a current P/E of 23, the S&P …
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