I look at it from the point of view that opportunity missed is not money lost, there might be some wicked vola today which may screw up money management plans.
the fed is irrelevant at this point & are going to be ignored for the most part with the exception of spikes & intraday lifts........lack of confidence in the fed was apparent last year with it`s pathetic liquidity injections as the reaction to them became less & less enthusiastic......PA was evident & told the story.
momonetum is a very powerful force........the PPT & fed working together right now trying to prevent a collapse & natural movement of price....they will fail eventually,whether it be a day,week or month from now......but a cleansing/transfer of mega wealth will occur off an historic event soon enough.
Buy stopped in long @ 1297.50 with stop at the lows. I am expecting this runs up here a little. Trailing stops on longs as we should get a double bottom to test the lows again. If it runs and no double bottom then will remain long with stops trailed up.