One Option Trading Blog http://ift.tt/2BxNoug Posted 9:30 AM ET - The market is screaming higher and you should raise your stops. We are up almost 200 S&P points from our entry point last week and I don't want to give it back. Use SPY $271.80 as an intraday stop. The momentum is strong and I don't believe we will be stopped out today. The market momentum is strong and I believe it will sling shot to a new high before this move is over. That might take a couple of months and I believe the March FOMC statement (3/31) will keep the old high in place. …
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