One Option Trading Blog http://ift.tt/2mw4z8E Posted 9:30 AM ET - Last week the market shot higher after Trump's Joint Congressional Statement. The S&P gapped higher and this is the type of blow-off top I've been watching for. Stocks declined towards the close that day and they sold off the following day. This reversal marks a temporary market top. In recent weeks Fed officials have made hawkish remarks. Analysts feel that a rate hike next week is likely (80% chance). This will be the second rate hike in three months and we have only seen two rate hikes in the last three years. Investors will be spooked …
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