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Tuesday, December 19, 2017

Trump Will Sign the Tax Bill This Week - SPY $270 In Reach


One Option Trading Blog http://ift.tt/2Bfr0XE Posted 9:30 AM ET - Yesterday the market made a new high. The House will vote on the tax bill today and the Senate will vote tomorrow. It should be on Trump's desk this week and the market is rejoicing. Seasonal strength, strong economic releases and earnings are supporting the move. I still believe prices will top out around SPY $270 this year. The continuing resolution (budget) needs to be extended into January. The deadline is Friday and Democrats could put up a fuss. They want Republicans to be fully aware that a major battle lies ahead. Swing traders should be …

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