One Option Trading Blog http://ift.tt/2mnOtJT Posted 9:30 AM ET - Yesterday the market opened flat and it could not get out of the first hour range. Trading volume was light and we can expect more of the same today. The big snowstorm is hitting the East Coast and the FOMC statement will be released tomorrow. The S&P 500 is down eight points before the open and we are testing support at SPY $237. There are some nervous jitters ahead of the rate hike. It has been typical for the market to decline ahead of the Fed and to rally after the announcement. This will be the …
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