FOMC Statement Will Break Us Out of the Range - Bullish Reaction Likely

One Option Trading Blog http://ift.tt/1TNUYV7 Posted 9:30 AM ET - The market is trapped in a tight range between the 100-day moving average and the 200-day moving average. The FOMC statement this afternoon will break us out one way or the other. If we don't see a decent move after the release, trading will be very light for the next week. We saw some nervous jitters ahead of the FOMC this week. February's Unemployment Report was hot and some traders fear that the rhetoric will be more hawkish. I believe the Fed's comments will cite the risk of slowing economic conditions and the market will like …