Resistance Is Stiff - Greece and China Have Me Treading Cautiously - Hit and Run

One Option Trading Blog http://ift.tt/1MRWkH1 WATCH THE WEBINAR Posted 9:30 AM ET - Traders digested Yellen's remarks after the FOMC statement and they liked the dovish tone. Once the momentum was set Thursday, stocks floated higher. The SPY is only 1 point from an all-time high and we could test it today or next week. This was nothing more than a relief rally and quad witching fueled the move. The average Fed Official sees the Fed Funds rate at .375% in 2015 and that implies at least one rate hike this year. Like every other attempt at a breakout this year, resistance …