Market TAO Wed 9-23-09 FOMC DAy

I Usually do not trade on Fed days and today is no exception. The market is clearly poised to make a move to Spx 1120 . But how it gets there is the risky part. The past few Fomc days have been up rallys all the way to the announcement and beyond ... But if they say any thing about raising rates or reducing quanitave easing we could see a swift set back in this rally ....I expect trading to be relatively flat up to 2:15 est .