A slow week to say the least. Today’s Jobless Claims # added a little volatility to the markets, but overall we continue with the sideways action. We bounced off trend line support today and this candle will be used for the bullish/bearish line in the sand, bullish above, bearish below.
Friday provided nice bounce of trend lines and moving averages. We actually used the market behavior to open new long option spreads on some index etf's. I always enjoy your comments. Thanks! Trevor @ www.BookingAlpha.com
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