One Option Trading Blog http://ift.tt/2s0fQRK Posted 9:20 AM ET - The news is light and so is the volume. Momentum is all traders have to lean on. The FOMC statement will be released a week from tomorrow and we can expect dull trading until then. The S&P 500 was trapped in a three-point range yesterday. Day traders need to be very cautious. If the market can't breakout of the first hour range, consider taking the day off. I like down opens and I will be inclined to trade from the long side today once support is established. I will use $243 as my guide and that …
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