One Option Trading Blog http://ift.tt/2dYvgPH Posted 9:30 AM ET - The market is dangerously close to major support and as I mentioned yesterday, there are plenty of speed bumps. Perhaps the most daunting is the FOMC statement tomorrow. Analysts are projecting a December rate hike and any confirmation will be ill-received by the market. GDP came in hot at 2.9% and China's PMI was also strong at 51.2. A breach of SPY $212 would force a move down to the 200-day moving average ($208). That support is relatively close and the downside should be contained. The price action has been weak but I urge you NOT …
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