As you can see below, the SP500 has a lot of work to do.
Thursday, September 17, 2015
What To Expect After The Fed Speaks
Today will be a big day. The Fed will decide whether or not they are going to raise rates and hint what they plan to do or not do. Many including myself expect a volatile environment; the fact that we have quadruple witching tomorrow will only help exacerbate the move. How the market reacts no one really knows, based on the recent up move lately, one can assume that something has been priced in and a small retracement of this recent move is probably to be expected. I believe that in the short term any extreme move from the announcement can be faded. The key is to have a plan that takes into account different outcomes.
"Frank began his career on Wall Street nearly two decades ago. He worked alongside some of the most respected traders on the street. He quickly realized his true talents were in his ability to interpret market technicals as well as behavior. He was a full-service broker until 2011 when he decided that his no-nonsense approach and expertise was better suited as an independent rather than under the reins of the brokerage business. Since his transition, Frank founded Zor Capital LLC and had successfully managed the portfolios of high net worth individuals. Outside of the cliche cookie cutter approach. His achievements and advice have been featured by CNBC, FOX Business, Yahoo Finance, Benzinga, Wall Street Journal, and CNN Money. Frank is widely regarded as an influential trader in the industry."