Posted 9:30 AM ET - – The S&P 500 is down 70 points before the open and yesterday’s strong close gave Asset Managers an opportunity to reduce risk into the FOMC statement Wednesday. The price action Monday suggests that buyers are getting more aggressive and that we should find support well above SPY $420 today. We did not get the stacked long red candles with little to no overlap on the open yesterday. That “OMG” drop did not materialized so we did not get the capitulation low. Consequently, we did not get the snap back rally off of the low that …