FOMC held rates which was expected although you would never know it by the way the market acted leading up to the announcement.  The possibe surge after the meeting was discussed yesterday and it provided an opportunity to take profit as advertised. It's easy to be right as was the case here, but if it went the other way would you be ready? Hopefully the answer is yes and it's pretty much the same as being right. Long positions would have been reduced to lower down side risks and give the market time to settle. As we bump multi year highs we can expect high volatility so stops should be managed accordingly. It can't be said enough that watchlist should be added to in these periods so that new positions can be initiated when the charts and markets support entry.