One Option Trading Blog http://ift.tt/1TPU9Hs Posted 9:50 AM ET - Monday I outlined the pattern to watch for and it surfaced. The market tested major support and we saw a swift intraday reversal. That was a capitulation low and the play of the month was to buy when that pattern emerged. I have been painting that picture for weeks and it unfolded. Stocks continued to push higher yesterday and we will have a bullish opening today. TAKE PROFITS BEFORE THE FOMC STATEMENT. This is a binary event and it would be foolish to risk profits. I still believe the Fed will shower us with dovish remarks …
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