By: Tom Gentile
on June 2nd, 2021
There is no denying the overhead resistance in the equities markets, specifically for the S&P 500 is holding firm right now.
Until we see a price move where prices take out the overhead resistance on meaningful volume it could continue sideways.
One either cuts their option trading activity until a more recognizable directional move happens or seek out where bullish (or bearish) activity is happening… and that is Oil!
A website to help ascertain what sector in the markets is performing the best is www.sectorspdr.com.
C1P Chief 1-Percenter