FOMC 06/14: FED keeps interest rates, PPI hits bottom of 12/2020

Market ends strongly after the FOMC storm

Market opens Wednesday's trading session with fairly stable sentiment as most options volume remains concentrated at SPX's 4400 call wall while VIX and VIX1D are heavily suppressed, indicating most investors are quite confident in the FED's direction after the morning PPI report, pushing SPX close to the 4400 call wall and QQQ to 365.

However, the market fluctuated slightly after FOMC announced changes to FED Dot Plots, pulling SPX back below 4350 before VIX started to crush hard and the market recovered, creating opportunities for intraday long call 0DTE volume.