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FED frenzy

FED announced that the interest rates hike is unlikely although they removed the word “patient” from their report. The market spiked up in seconds. It went from 2061 to 2080 in a few seconds.

SPX

I was able to open a bull call spreads expiring tomorrow and next week for this spike as well as one bull put spread. But I wasn’t fast enough to open it down low. Nevertheless, I expect the market to continue higher tomorrow and in following days.

This frenzy offers a good opportunity to salvage our old trade and make some decent money.





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