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Friday, March 17, 2017

New  High For QQQ - SPY Will Make A New High Very Soon


One Option Trading Blog http://ift.tt/2m9LyJO Posted 9:00 AM ET - Happy St. Patrick's Day! Wednesday the market staged an impressive 20 point S&P rally after the FOMC statement. Stocks took a breather yesterday and the SPY found support above $238. By the end of the day most of the losses were erased. Quadruple witching doesn't appear to be much of a factor this quarter. Stocks are flat this morning and it looks like we are in for a quiet day. Considering that the market was able to shoulder the second rate hike in three months, the price action this week was bullish. Look for a grind …

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