One Option Trading Blog http://ift.tt/2BDTHNs Posted 9:40 AM ET - The market is breaking out to another new high on the notion that the tax bill will be signed this week. Dovish comments from the Fed are also fueling the move. Unfortunately, good news is priced in and I feel that the SPY will stall at $270. Once the tax deal is signed the focus will shift to the budget. It needs to be pushed back into January this week. Democrats are frustrated and they will take their anger out during the debt ceiling negotiations. Republicans know that new legislation will be hard to pass since …
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