Just a few comments for today:
- In the overnight session, $ES has managed to tiptoe past the local trend line (green).
- While my expectations remain that will work our way toward the target ranges (orange boxes, first noted here), FOMC day is inherently unpredictable and literally just about anything can happen. We often have a big whipsaw, but we sometimes do not.
- So, I won’t have much to say and we’ll just have to see how things work out.
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