SPY vs FOMC

Tomorrow 1/29 at 2pm FOMC interest rate decision followed by a press conference at 2:30pm. As you can see on this SPY 1 day chart, FOMC days and the week following has a checkered past for bulls.

Moving average levels:
SMA20 = 593
SMA50 = 596
SMA100 = 585
SMA200 = 560

7/3124
5.5%

9/18/24
5%

11/7/24
4.75%

12/18/24
4.5%

1/29/25
expected 4.5%

SPY options data:
1/31 expiry
Put Volume Total 214,435
Call Volume Total 181,522
Put/Call Volume Ratio 1.18
Put Open Interest Total 1,958,680
Call Open Interest Total 511,620
Put/Call Open Interest Ratio 3.83

2/21 expiry
Put Volume Total 115,166
Call Volume Total 87,489
Put/Call Volume Ratio 1.32
Put Open Interest Total 2,491,624
Call Open Interest Total 637,118
Put/Call Open Interest Ratio 3.91