Market Trapped In No Man’s Land - FOMC Will Not Show Their Hand Next Wed

One Option Trading Blog http://ift.tt/1OS8Mdf TAKE THE 1 WEEK FREE TRIAL FOR INVESTORS AND FOLLOW OUR CALL TRADES Posted 9:50 AM ET - The market has been treading water this week and trading volumes have declined. Technically, we are trapped between support and resistance (no man's land). Fundamentally, we have a number of important events that will determine the next move. In the chart below you can see the double bottom that has formed. We were able to rally above horizontal resistance at SPY $200 and $202. The 100-day moving average is just above current levels at $204. We have horizontal resistance …