One Option Trading Blog http://ift.tt/2ndIGbM Posted 9:00 AM ET - Yesterday the market traded in a very tight range for most of the day. In the afternoon we saw a swift decline when oil dropped. That move was a capitulation low and oil rebounded sharply. Stocks shot higher and the market closed above SPY $237. I told you this was going to happen. The market wanted to head higher and oil was the only thing keeping a lid on the price action. Asset Managers are prepared for a rate hike next week and the market is comfortable with this round of tightening. The comments from the …
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