One Option Trading Blog http://ift.tt/2oKp4xc Posted 9:40 AM ET - Yesterday I advised you to exit long positions on the open and that was good advice. As suspected, the opening rally did not hold and the market reversed. Stocks closed on the low today and the S&P 500 is down five points before the open. Conditions have changed and the bottoming process is going to take time. Fed Chairman Powell said that four rate hikes are possible in 2018 when he testified before Congress Tuesday. That hawkish tone sparked profit-taking. The FOMC meets on March 31st and there is a good chance that interest rates will …
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