Market Needs To Challenge the High This Week - Range Starting To Form

One Option Trading Blog http://ift.tt/2nrHeFD Posted 9:00 AM ET - Since the FOMC spike last week, the market is gradually been drifting lower. It is difficult to tell how much of this is profit-taking and how much of the drift lower was due to quadruple witching. The market has closed on a weak note the last two days and it is down slightly this morning. SPY $237 needs to hold and we need to see a bounce soon. We've been in a tight little compression for three weeks and the Trump rally is starting to lose its momentum. This week the House will try to pass …