I see this was a beneficial post...that DOW 500-600 high/low range is in site...WATCH WITH CAUTION at 2:15PM EST...watch...could be MASSIVE sell-off!!
I've made it a point for years - to my benefit - not to trade anything on Fed days. The market is under unusual influences, and generally trades in a very small range until the announcement. Not worth the time or effort.
Remember that when trading, you are in a battefield--they will do EVERYTHING to bluff you. The only time the market will quite reliably go according to expectations, is if meeting the expectations is to the detriment of the retail trader.
do you really see more upside for the DOW today?...it is 11:57AM EST and DOW up almost 270...is there any upside left at 2:16PM EST today....think about it...if there is...could be massive sell off after that...
When you think something cannot go higher it WILL GO HIGHER. NEVER MAKE TRADING DECISIONS BASED ON WHERE YOU THINK THE MARKET WILL GO!! LET THE MARKET SHOW YOU WHERE IT IS GOING.