One Option Trading Blog http://ift.tt/2dKEwV3 Posted 9:10 AM ET - Yesterday we finally got some movement. Once the selling momentum set in buyers pulled bids and the SPY closed below the 100-day moving average. Today we will either see follow-through selling or we will bounce. The reaction to the FOMC minutes this afternoon will determine which way we go. Fed officials were divided during the last meeting and they did not have the soft jobs report data. Some officials wanted to hike and some officials wanted to wait. The compromise was to hike this year and then to hold off until the back half of 2017. …
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