Market Momentum Is Strong and FOMO Is Setting In - Ride the Wave

One Option Trading Blog http://ift.tt/2sXJjgp Posted 9:00 AM ET - The market has a strong head of steam and it closed above SPY $278 yesterday. To this point buyers have been reluctant to jump in after a 12% correction and now they're getting more aggressive. Bullish speculators were burned by the market drop and FOMO (fear of missing out) is motivating them to get back in. Look for a steady grind higher this week. The new Fed Chairman (Powell) will testify before Congress today. I expect to hear dovish comments. He is willing to let inflation tick above the 2% inflation target and that is market …