One Option Trading Blog http://ift.tt/2d3miS7 Posted 9:30 AM ET - Yesterday the market tested the downside and it never recovered. Support at SPY $215.50 was breached and stocks closed on the low of the day. The small bounce this morning should fade quickly as sellers test the bid. Last week the FOMC said that a rate hike this year was likely. They won't do it before the election so they will hike in December just like they did a year ago. The Fed tempered their statement by saying that future rate hikes would be gradual. That ploy worked for a day, but traders realize that the …
No comments:
Post a Comment