Quadruple Witching Spooks Traders

The market has been volatile since the FOMC statement and expiration has fueled those moves.

PRE-OPEN MARKET COMMENTS FRIDAY - The market sold off Wednesday after the FOMC statement and the SPY tested the 100-day MA. It looked like we might finally get a sustained market move now that the Fed has tightened. Yesterday, the market erased all of those losses and it opened right where it was before the Fed statement. Overnight, the futures rallied and now they are selling off. What should we make of all this?

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