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Last hurrah for S&P 500?

Our Advice for Nasdaq BO

August FOMC meeting last hurrah for S&P 500?

S&P 500

Entry = 1420

Call/Put = Put

Expiration = End of the week

 

The FOMC’s rate decision and verbiage regarding any policy easing will surely cause some volatility this week.  Any help they give will eventually boost the economy but won’t be reflected in near term growth.  I am trading the S&P to move lower from resistance at 1420 after popping on the FOMC announcement.

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