One Option Trading Blog http://bit.ly/2T9hCNL Posted 9:30 AM ET - The market has staged an impressive bounce off of the December lows. It has broken through the 100-day and 200-day moving averages and those technical levels now represent support. A more dovish Fed and trade negotiation progress with China are fueling the move. The Philadelphia Federal Reserve and the Atlanta Federal Reserve stated last week that they project one rate hike this year (versus two). The San Francisco Federal Reserve does not project any rate hikes this year. In the last FOMC statement we learned that the Fed will curb its balance sheet reduction. They have …
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