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Wednesday, June 8, 2016

Price Action Mildly Bullish - Nothing To Stand In the Way of the Rally


One Option Trading Blog http://ift.tt/1t8Xz0E Posted 9:50 AM ET - The market inched closer to the all-time high yesterday and it backed off late in the day. Trading volumes are light and I wouldn't read too much into the move. We want to see if a pattern of late day selling develops. I'm expecting bullish price action this week. The FOMC is a week away and Yellen's dovish comments are fueling this rally. There is no way the Fed will hike after a dismal jobs report. England's vote to stay/leave the EU is in two weeks and this will be the biggest market mover the summer. …

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