One Option Trading Blog http://ift.tt/2nfvMx0 Posted 9:00 AM ET - Last week the market drifted lower and the breakout at SPY $237 was tested. Stocks bounced off of that support level after a strong jobs report Friday and we should see the next leg of this rally after the FOMC meeting Wednesday. The probability of a rate hike is now at 100%. Traders will be scouring the FOMC statement for the tightening timetable. The Fed has been anxious to get interest rates back to a normal level and Trump's fiscal spending plans will provide a safety net. Although they would deny it, the Fed does assess …
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