Options / Finance

Buy Dips - Market Will Rally To All-time High In the Next Few Days

From One Option Trading Blog
January 5, 2017 - 9:29am
Posted 9:00 AM ET - In my market comments yesterday I told you that the backdrop was bullish. Trading volume was brisk and this was one of the best days we've seen in weeks I'm expecting follow-through buying the rest of the week. The S&P 500 drifted lower last week and we saw a light round of profit-taking into year-end. Support at SPY $225 was breached and we rallied back above it Tuesday. Wednesday morning I did not wait long before I started buying and the grind higher was very steady. Hawkish FOMC minutes did not deter buyers and the futures …

Continue reading this article »