Even though the S&P 500 held support again on Friday, May 29, falling from its previous up breakout last week, it still feels vulnerable. Whether it stalls or makes a move this week, there’s a way for traders to take advantage of their view on exactly where this market is headed—and they can do so with limited risk using binary options.
With only a few stragglers still left to report, the Q1 earnings season is essentially over, and despite initial fears of an outright decline in earnings, the companies in the S&P 500 managed to squeak out a small gain in income.
All this talk about illiquidity and the S&P 500 just keeps bobbing back and forth within a modest range of about 5% during the last 4 months. Each trip toward new highs has been met with disappointment and each sell-off has been truncated without achieving even a 4% correction before recovering.