Hi everyone,
SPX is wacky and traders are unsure what to expect this week. We literally had one trending week after two months of chop and now again since early August we’re in the same situation. No mans land of low volume and low volatility. Labor Day is on Monday September 7th and we are expecting volume to pick up after.
Revising the breakout of the summer range is a possibility at this point.
Resistance: 7,715 / 7,730
Support: 7,680 / 7,630
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Now, let’s look at some trade ideas that stood out yesterday.
