If one were to play the FED announcement, the charts and set-up are pretty clear. The stock market rally currently under way is likely to run out of steam at the gaps in all the major averages created by this past Monday morning’s open. Those targets, just below Friday’s closes(S&P 4425, NASDAQ 15,000)would also be approximate 50% retracements from the market highs to their lows during Monday’s session. If today’s rally reaches just below Friday’s closing prices, filling the gaps, Before the FED announcement, one should fade the market by putting on short positions or preferably, buying puts. If the market doesn’t reach the target before the FED announcement, one should wait for the announcement and even the press conference to see if they give the averages the necessary boost to fill the gaps and the target prices. If they get there after the announcement, one, again should go short and or buy puts. If the market doesn’t reach those targets, stand aside and see if they are reached tomorrow or Friday.