One Option Trading Blog https://ift.tt/2UNSjhu Posted 9:30 AM ET - Tuesday the market broke out to a new relative high and it looked like we were off to the races. Late in the day we saw profit-taking and most of the gains were erased. Sellers were back at it yesterday and the market closed below the breakout leaving a bearish "evening star" pattern. The S&P 500 is down 10 points before the open and dovish Fed policy did not entice buyers. Fed officials said that they will not hike rates until 2020 and that the balance sheet roll-off will and in September. This was the best …
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