One Option Trading Blog http://ift.tt/2DfAKi7 Posted 12:00 PM ET - Yesterday we saw a light round of profit-taking. As I mentioned in my comments the headwinds are blowing. A tax bill will get passed this week and that is priced into the market. I still believe that SPY $270 will be where we finish the year. Once Trump signs the tax bill the focus will instantly shift to the continuing resolution. The budget expires Friday and it needs to be postponed to avoid a government shutdown. Democrats will use this opportunity to make Republicans squirm. The message will be clear and Republicans will know that a …
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