Market Will Tread Water This Week On Light Volume - FOMC Minutes On Wed

One Option Trading Blog http://ift.tt/2r91IVK Posted 9:00 AM ET - Last week the market backed off from its highs and it filled in the gaps from three weeks ago. Prices stabilized Thursday and Friday and major technical support levels are still intact. Trading activity will decline ahead of Memorial Day and holidays typically have a bullish bias. The key event this week will be the FOMC minutes on Wednesday. Economic growth is moderating and flash PMI's will be released Wednesday. The Fed has an aggressive tightening agenda and it's important that the numbers come in strong. Trump's budget will be released this week. It will get …