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Thursday, June 16, 2016

Market Will Tank Today - Quad Witching Will Add Fuel To the Fire


One Option Trading Blog http://ift.tt/21onBIC Posted 9:20 AM ET - The FOMC statement was dovish, but the market did not rally on the news. We saw late day selling and that was a warning sign. This morning we are seeing follow through selling. Global markets are down and Brexit could be a problem as the "leave" vote gains an edge. A dovish statement was baked in. We could be in for a nasty day!! When the unexpected happens it typically catches traders off guard and the moves can be big. Quadruple witching will add gasoline to the fire. We will open below support at $207.50. Next …

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