Today's Fed announcement on interest rates along with Chairman Powell's discussion of interest rate policy going forward will move the market late in today's session. No new positions in front of this freight train, but afterwards, our charts and key levels take over. This one in particular will has my attention going into the close: VIX - Primed VIX - For perspective A volatility spike up into and well above the 30's is expected. If not before mid March, then by April (Next FOMC meeting: March 22nd). We will pick our spots and for now, it is a VIX close above $21. That will either be triggered, or lowered, after this afternoon's fallout. We are looking for a 10X return on calls, currently and specifically the VIX Mar $25C. More to come after the FOMC dust settles.
