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September 16, 2020

The Fed ended their 2-day policy meeting, keeping rates unchanged, as expected. They also mentioned low rates for a few years. Of course, any strong economic data could derail this so it's a bit insignificant.

The markets pushed higher before rolling over and giving up all of the day's gains for the S&P500 and NASDAQ. The Dow eeked out a win on the day.

Our traders opened up a call spread this morning and it expired for a profit it 3.1% on the day!