FOMC Will Not Show It’s Hand Today - Market Will Try To Rally - Get Ready To Sell Call Spreads

One Option Trading Blog http://ift.tt/1IKwxmK Posted 11:30 AM ET - Yesterday, the market bounced off of the 200-day moving average and it ran up to the 100-day moving average. The run from one major MA to the other in a single day demonstrates the price compression we are currently going through. Tuesday, traders were front running a favorable FOMC statement and good news is priced in. The Fed will not show its hand today and the market will rejoice. Commodity prices (including energy) are falling and inflation is not a concern. During a six-week recess, the Fed will have two jobs reports and economic numbers from …