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.
What To Expect After The Fed Speaks
As you can see below, the SP500 has a lot of work to do.