Buy More SPY At This Price and Hold Into the FOMC Wed

One Option Trading Blog https://ift.tt/2SWhFZk Posted 9:30 AM ET - There is only one thing that matters the rest of the year. The FOMC statement tomorrow will determine market direction for the next two months. A rate hike and a neutral stance would attract buyers. This is the only outcome that can stop the bleeding. The S&P 500 fell below horizontal support yesterday and the selling pressure has been relentless. This is very unusual heading into year-end and it is a bearish omen for 2019. Global economic activity is slipping and tariff wars could accelerate the decline. Retailers and manufacturers in the US have stockpiles of …