One Option Trading Blog https://ift.tt/2KEPjQs Posted 9:30 AM ET - There wasn't any incremental news overnight. The last two days the S&P 500 has been able to rally in the last hour of trading. We have seen follow-through the next day and a double bottom is forming on a daily chart. Bearish sentiment is high and we are due for a short squeeze. Fed chairman Powell will speak at noon Eastern time today. I'm expecting a more dovish tone and we should see a relief rally. The FOMC minutes will be released tomorrow and they should also be more dovish. I'm still expecting a rate hike …
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