Traders are not showing any conviction in their beliefs, regardless of their bias. Neither buyers or sellers seem to have any conviction with the markets stalling at recent highs. Volume remains low and that is also a sign of no conviction. As I have said many times lately, there is no reason to rush into new positions until the market picks a direction.
New positions are only added on Wednesday and Saturday except in special circumstances.
NEW DIRECTIONAL CALL PLAYS
No New Bullish Plays
NEW DIRECTIONAL PUT PLAYS
No New Bearish Plays