SPDR S&P 500 (SPY)

[trendzone]

Red alert CNBC just now professor Jeremy Siegal the long term pumper, warns that he believes the Fed will most likely be more hawkish today, and doesn't think the market is prepared for it today, and thinks the Feds dot plots could probably get reduced to two dot plots from three, and that could be a big negative for the short term current market situation, and at its current higher levels considered by many as way over valuations, the bottom line after the past few algo machines led pumped up days, there is plenty to give back at the current levels, and would be beyond foolishness chasing any run up in today's market going into today's Fed meeting, with the big risk of a whipsaw drop down in an unprepared market off of more hawkish pause by the Fed today.