Fed Chair Janet Yellen's speech on Friday is putting us on hold for a trade entry today on the SPX weekly Iron Condor.
The Jackson Hole Symposium begins today, with the highlight being Janet Yellen's speech at 10:00 am Friday morning. It doesn't seem to take much to rock the market - in either direction - these days, so I have decided that we will take our chances and wait until after her speech for a new trade entry for the September 1 cycle. Hopefully there will be enough credit for a position that has a decent risk/reward.
We will look to recommend a trade sometime after her speech is over, and publish an update at that time.
Trade updates will be posted as appropriate,