We’ve rallied to my stated resistance levels and closing upside pivots

for the U.S. Indices.

Spu’s...2145

Nasd 100...4825

DJI...18,200

The EUR/JPY & GBP/JPY crosses are being pushed lower. Neither of which I’d trust to maintain direction the rest of the day.Both could completely flip after the Fed in the afternoon session.

Give the U.S. session a little time to set up this A.M.

Long only managers should consider buying the VIX and running it for a couple of days.

VIX is a trade, you have to put it on when the indices are up, not after they break.

One of my followers that is an excellent options trader likes the Call spreads in VIX.

Not an options trader, VXX, UVXY or VIXY are all viable alternatives for short term trading.