The surprise Fed move, combined with options expiration, makes for a tricky day today. It pays to be aware of whats going on in the market, and after hearing the news the SPY was a good short and it was chance to reduce risk by taking off some size in longs. The damage has not been as bad this morning as some feared, but we will see how the market reacts at the open today. Although it is jumping the gun, teh SPX could be forming a bullish reverse head and shoulders sending the market on a measured move higher. All in all, it seems the market wants to ignore potentially negative news for stocks and push higher. Make sure you do not trade with a bias despite news and continue to let the charts do the talking.