After seven years of a relentless bull market, and now with super-low implied volatility, traders are getting restless and looking for some two-way tape. When corrective price action does return, it will be accompanied by a change in the “character” of the intraday price action, which can tip us off that cracks are appearing in the foundation of this bull juggernaut. Let’s keep trading in the direction of the trend to keep trades simple, while keeping an eye out for those small changes signifying that things are about to get a lot more fun for those of us that sell options.