Market Will Float Higher - Wait For Support and Buy This Dip

One Option Trading Blog http://ift.tt/2hiBesw Posted 9:00 AM ET - Last week the market rallied to a new all-time high and it retreated slightly after a hawkish FOMC statement. All things considered stocks shouldered the news well and seasonal strength will float us higher once support is established. The Fed expects to raise rates three times next year (up from two times). This almost guarantees a rate hike in the first half of 2017. Higher interest rates will weigh on the market if economic growth stalls. As long as we continue to see global growth - stocks will move higher. Lower corporate taxes and reduced business …