I certainly picked a volatile time in the market to begin my blog. Still working out how to display charts on this blog. Today's profit and loss +399. A very strong morning session followed by good trades until the last hour, where I was thumped being short in another one of those late day "run out the shorts" market moves.
With the run up today, I feel the market is set up for a run down after the Fed doesn't ease. I had planned on running out a spread trade for the Fed announcement (say short 1 ES for every long long 1 NQ). This would have a negative bias, yet allow me to play the extremes. However, with this much volatility, I'd say it may be better to stay on the sidelines.
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