One Option Trading Blog http://ift.tt/2cFygvA Posted 9:30 AM ET - Yesterday the FOMC stated that a rate hike this year is likely. Normally that would spark selling, but they tempered their comments by saying that future rate hikes would be gradual. Only two moves are projected next year. The market liked the longer-term dovish rhetoric and it rallied above resistance at SPY $215.50. This morning we are seeing solid gains and this should be an excellent trading day. With the news behind us and some follow-through buying from yesterday, stocks should be able to grind higher today. We will lean on support at SPY $215.50. As …
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