One Option Trading Blog http://ift.tt/2xRCVsR Posted 9:00 AM ET - The market has been compressing for the last week after breaking out to a new all-time high. Trading volume is declining and the market lacks a catalyst. Today's FOMC statement has kept a lid on the rally and stocks should grind higher in coming days. The Fed's intentions are clear. They plan to raise rates in December and they plan to reduce the balance sheet. Three rate hikes are expected in 2018 and 2019. There's not much they can say that will change the outlook. Janet Yellen could stay on as the chairman (bullish) and one …
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