($SPX, $SPY) I’d like to offer something a bit more upbeat about market conditions, but there isn’t much to be excited about. We are in a trading range after the early August breakdown and struggling to turn things back up. Seasonality and the news flow are working against it. While there are some short-term trading opportunities for the folks with ultra-short-term time frames, there is little to do if you want to hold for more than a few days.
Patience isn’t much fun, but it is the best course of action right now.-R.Shark