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Assessment: I expect the next meaningful market update, with possible trades, won’t occur until about a week after Labor Day. I could be wrong, but I just don’t see much going on.
As we approach the holiday…and we still have a bit to go…the last four days in SPY have provided moves of 0.34%, 0.01%, -0.23% and yesterday -0.02%.
Just the nature of the beast the past few years when it comes to summer trading. It’s all for the options premium sellers, but with the VIX so low…there’s not even much premium to sell.
Still watching and waiting…it will be coming.
Good luck in your trades!