One Option Trading Blog http://ift.tt/2tqBbjI Posted 9:30 AM ET - Yesterday the Fed raised rates for the third time in six months. Their rhetoric was more hawkish than expected and they left the door open for another rate hike this year. Tech stocks sold off and we are seeing more profit-taking before the open this morning. This is the decline that we've been waiting for. Once support is established swing traders need to sell out of the money bullish put spreads. Key support on the SPY is $240 and it is $136 for the QQQ. I believe the market will find support at those levels and …
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