Look For Choppy Range Bound Trading This Week - SPY $208-$212

One Option Trading Blog http://ift.tt/1LfMqka Posted 10:00 AM ET - Last week, the market declined into the FOMC statement and we saw a big relief rally on Thursday. Stocks drifted lower on Friday and they sold off hard into the closing bell. This morning, the S&P 500 is up 15 points. I'm giving you the play-by-play because we are back where we started and this price action is nothing but noise. If you look at today's chart, you’ll notice that we haven't gone anywhere since March. I'm trying not to read too much into any of these moves. Quite honestly, I did not see anything in …