By Sell Puts
What does that tell me? Nothing really, actually it confirms the market has no idea what it wants. The S*P's seem to always revert to median every day no matter what story the economic data presents.
Take a look at the chart above, you can see how the market rockets back up after two violent reversal candles highlighted by green arrows. stockMONSTER's new service really would have helped you nail this reversal, their sharp traders spotted the reversal immediately.
The street wanted to close a late July Friday on a positive note? Takeaway from today, trading was easier because of the trend AND economic numbers/indicator's influence on the market is still very loose. As of the end of this post the spy has broken trend and is now back in the red. Baby steps.
