Market Not Pricing In Risk Of Brexit - Surprise Favors A Vote To Leave the EU

One Option Trading Blog http://ift.tt/22MyBkn Posted 11:20 AM ET - Yesterday the market opened on a positive note and it continued to grind higher. Janet Yellen's comments were dovish and we are within striking distance of the all-time high. The price action this morning has been bullish and the action will quiet down ahead of the FOMC meeting. As I mentioned in yesterday's comments, I am expecting a bullish week. We will see some resistance at SPY $213 and that level should hold this week. The Fed will not hike and the tone will suggest that interest rates are not likely to go up before September. …