Global markets swooned once again today following the FOMC announcement; both SPX and RUT are outside our guidelines for a Credit Spread trade entry.
As of this writing, both SPX and RUT are in a strong down-move once again, down over 25 and 20 points respectively. This is outside of the 1 day standard deviation guideline for a new trade entry.
Cash is a position, which we will continue to hold and "live to trade another day." With the volatility increase today, there will likely still be ample credit to enter the positions tomorrow.
If conditions improve for a trade entry Friday, an update will be posted tomorrow.