One Option Trading Blog http://ift.tt/1OPNWu2 Posted 9:50 AM ET - Last week the price action was volatile. The S&P 500 breached the 200-day moving average and it rebounded sharply on Friday. Once the daily momentum has been established, the market continues in that direction. High-frequency trading is fueling these moves and they are nothing but noise. This is a low probability trading environment and it will continue until the FOMC statement a week from Wednesday. The market has priced in a quarter-point rate hike and gradual tightening. We should not see another rate hike for six months. From this point forward we need strong economic data. …
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