FOMC Minutes Will Move the Market - Use the 200-Day MA As Your Guide

One Option Trading Blog http://ift.tt/1MBr4eB Posted 9:50 AM ET - Yesterday, the market tried to rally above the 200-day moving average and it was turned back. Terrorism has dominated the news and the rally could not gain traction. Stocks will test that level again today. The FOMC minutes will be released this afternoon and I believe the news could spark a round of selling. The Fed had the employment data ahead of the release and I believe their comments could be hawkish. In the last week we've seen buying and selling on heavy volume. We will find equilibrium between the 100-day and 200-day moving averages and …