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Tuesday, September 5, 2017

Dark Clouds Are Looming - Favor the Short Side and Watch For Selling


One Option Trading Blog http://ift.tt/2gCcgVA Posted 9:30 AM ET - We're finally through the summer doldrums and normal trading should resume in a few days. The news vacuum is over and there are many market driving events scheduled in September. The market is challenging the all-time high and we should expect resistance at this level. The FOMC will meet on September 20th and they will reduce their balance sheet. Fed officials will be speaking today and we can expect hawkish comments. They will set the tone for a December rate hike. Politicians will return to DC and the debt ceiling debate will begin. The market will …

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