Top Tweets Today: 17/09/2015

We all know big events come with big volatility and the Fed's decision this afternoon will be no different. In fact I think it could be the biggest we've seen in a number of years after it's crunch conclusion to the FOMC meetings finishes up.

Decisions such as these have the potential to change the course of future developments so they can be deemed critical. The levels of volatility will definitely heighten fear amongst those who attempt to ride the waves of confusion. A word of caution if you're feeling brave enough, moves like these come with a health warning. Trying to speculate which way things will go can get out of hand pretty fast so perhaps it's best to watch it from the sidelines with your box of popcorn.

Today is the 4th tightest daily range of the year for the $SPX. Any takers on it stays that way? $SPY pic.twitter.com/pQzN21VGNg

— Ryan Detrick, CMT (@RyanDetrick) September 17, 2015

I wrote earlier that the devil will be in the detail after tonight's announcement and it would seem we're going to be needing to listening very carefully. The length of the statement made by the Fed president has increased progressively over the years with Janet Yellen tipping the highest worded statement over the period.

The key will be the Fed's sternness and tone to a possible rate hike, I believe market uncertainty has wiped out any chance of an increase however there is an impending need to lift rates.

A brief history of FOMC policy statements, in one chart. http://t.co/ENshs0Vz94 pic.twitter.com/VpXEtC6Ll5

— Neil Irwin (@Neil_Irwin) September 17, 2015

If you trying to play out the possible scenarios out in your head you should this article by @MWellerFX  which I thought was fantastic in breaking down the way things could go. As I've said above trying to predict these things can be tricky but its nice to know where you stand the following day should 1 of the 4 outcomes emerge which does help in your level of preparedness.

"@MWellerFX: FOMC Preview: Not two, but four potential outcomes for markets- http://t.co/1y0b2ZIw2g $FED" pic.twitter.com/fO1lTCuhyS

— TraderPlanet (@TraderPlanet) September 17, 2015

I've been following some humorous commentary by @StockCats lately with this recent one poking fun of media commentators giving their opinion of how things stand tonight. I've mentioned this before where what you hear from media outlets needs to be taken with a big pinch of salt , with this case no exception. If someone thinks that markets have settled on what the outcome of tonight will be clearly they've been living under a rock for the past 6 months.

"whatever the Fed does is probably already priced-in" said the guy who's Futures account blows up this afternoon

— StockCats (@StockCats) September 17, 2015