All eyes on Fed, stay on sidelines

What an important day we have today? If you have to take any positions depending on what you think the Fed might deliver and depending on what you think the market will do post Fed you will have to do it today. That is the importance of today's trade because the event will happen today post market and the market will react first thing tomorrow morning.

So, what should one do? The normal sense would say that don't do anything, actually this is the market in which you may want to just now stay on the sideline and not trade or at least not take over night positions because you never know what might come from the Fed.