The Market Is Volatile Intraday But It Will Settle Down [Here Is Where It Will Close Friday]

One Option Trading Blog https://ift.tt/38qiS2m Posted 9:30 Am ET - Yesterday the S&P 500 came within striking distance of the 100-day moving average after the Fed cut interest rates by 50 basis points. That was the largest rate cut in many years and instead of instilling confidence, it spooked the market. This morning the S&P 500 is up 60 points before the open and is likely to challenge the 200-day moving average. That is where I expect us to finish the week (SPY $304.50). The coronavirus is spreading globally and the economic impact could be substantial if consumers change their behavior. Domestic growth projections have been …