FOMC This Week - Watch For Nervous Trading and Small Pullback - Buy Dips

One Option Trading Blog http://ift.tt/2gwnf65 Posted 9:30 AM ET - The market blew through the all-time high last week and this breakout is the real deal. Bullish speculation is lofty and I expect to see a small shake out this week. The FOMC statement on Wednesday could spark a little profit-taking. There is little doubt that the Fed will hike on Wednesday. Traders will be much more interested in their statement and they will be trying to gauge the timing for the next move. I believe the Fed wants a smooth transition of power and they will point to the back half of 2017 for the …