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Wednesday, April 6, 2016

FOMC Minutes Will Be Bullish and SPY Should Close Above $205 Today


One Option Trading Blog http://ift.tt/1S24gg9 Posted 9:30 AM ET - Yesterday the market pulled back and it closed on the low of the day. Minor support at SPY was breached, but the volume was light. We should expect a little consolidation after a big run and I would not read too much into the decline. In my comments I mentioned that we were due for a "nasty day" this week and we have it under our belt. Bullish speculators have been flushed out and some of the “fluff” has been taken out. The S&P is trading higher before the open and stocks should bounce today. I'm …

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