2pm update - strap in..it could get real bumpy

Mere minutes until the FOMC announcement at 2.15pm. There might not be any clear direction for a good 30/45 minutes though. Whether bullish or bearish, will need to give this nonsense some time to settle.

This could easily go either way...regardless, you might need some straps on your office chairs.


Sp'60min

vix'60min

Summary

VIX is holding up reasonably well, but then clearly the market makers don't want to selling overly cheap index/stock puts ahead of the Fed.
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..lets just see what the maniacs have decided.