One Option Trading Blog http://ift.tt/2hwknrw Posted 9:00 AM ET - The market has been struggling to breakout and tax cuts are the only possible catalyst into year-end. Excellent earnings and solid economic releases have not sparked buying. Bullish sentiment has been running high and we are likely to see a shakeout. The Senate and House will have to negotiate quickly. The holiday recess and the debt ceiling will hamper progress. I believe we will see a nice market pullback. Support is at SPY $255 and $250. I am not shorting, I am waiting for a buying opportunity to set up. The House has tentatively scheduled a …
No comments:
Post a Comment