One Option Trading Blog http://ift.tt/1NSbxae Posted 9:30 AM ET - Be careful what you wish for. I was hoping that the S&P 500 would challenge the 100-day moving average before the FOMC and we are going to do that this morning. It is difficult to keep the faith when everything is crumbling. That is what trading is all about. There wasn't much overnight news to justify this decline. Weak commodity prices are weighing on the market and traders are nervous about the rate hike. Asset Managers are pulling bids. We've seen this price action a number of times this year before FOMC meetings. During the actual …
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