One Option Trading Blog http://bit.ly/2G7tjyn Posted 9:30 AM ET - This has been an extremely busy news week. In general, the news has been good and the S&P 500 is within striking distance of the 100-day moving average. I am looking for signs of exhaustion and I believe the next big move is down. The FOMC was dovish, but we don't know to what degree. Powell said that the balance sheet would remain larger than expected, but we can't quantify the statement. The market is pricing in no rate hikes in 2019 and the Fed still forecasts to increases. Any surprise would be bearish for the …
No comments:
Post a Comment