One Option Trading Blog https://ift.tt/32B03tI Posted 9:30 AM ET - In the first half of this week the market treaded water while it waited for a dovish FOMC statement. The Fed will maintain a 0% interest rate policy for the next couple of years, perhaps longer. They will let inflation rise above the 2% target and they've implied that it is time for fiscal stimulus. Monetary policy is as "loose" as it can be. The FOMC reaction was bearish and the S&P 500 closed on its low of the day. This morning we are seeing follow-through selling and major technical support will be tested on the …
No comments:
Post a Comment