One Option Trading Blog http://ift.tt/2sa3wuP Posted 9:30 AM ET - Last week the market floated to a new all-time high on extremely light volume. Holidays have a bullish influence and some of those gains are being stripped away this morning. Profit-taking will surface as the June FOMC approaches. I still believe that the S&P 500 will challenge the 100-day moving average in the next few weeks. Economic growth is moderating while the Fed has its foot on the brake. Average monthly job growth has been below 200,000 this year and we need to consistently be above 250,000 to justify three rate hikes in six months. Fed …
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