A Volatile day is expected today, with the FOMC meeting taking place later today, in which the Fed will announce the next rate hike.
If it comes in at 50BPS, markets will react positively. 75BPS, which is what is expected, we can expect markets to remain neutral, but this would also depend if there is talk about reducing it in the next meeting.
Depending on the news later on today, this would have an impact on the above harmonic, which so far is playing out. On days like this, you mustn't take unnecessary risks, as historically both sides of the market get wiped out in the first few minutes