One Option Trading Blog http://ift.tt/2BUFdsE Posted 9:30 AM ET - My narrative hasn't changed much this week. The tax bill is priced in and SPY $270 will likely be the high of the year. Stocks rallied out of the gate yesterday and the gains were given back instantly. That is a sign of profit-taking. This is a low probability trading environment. Intraday ranges are collapsing and volume is drying up ahead of Christmas. Politicians need to pass the continuing resolution to avoid a government shutdown. This needs to happen by tomorrow and Democrats are likely to flex their muscles. In January the budget and the debt …
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