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Options Trading Mid-Week Update: Surviving Fed Day

Let’s dive into the market with clean setups in the market, the market conditions from the week so far, and what to look forward to in the week ahead. The market was conscious of the Federal Reserve, patiently waiting for the FOMC event, and responded bullishly to Powell’s press conference. Don’t forget, we still have quad-witching and options expiration this week, so be aware of any big changes in price action.