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Awaiting FOMC

Awaiting FOMC

Everyone is awaiting the FOMC announcement this afternoon. I'm expecting markets to be unable to choose a direction initially on the open and will be watching for moves to be shorter or stop suddenly and reverse. If price opens where it's at I will be looking for shorts to settlement and on down to the overnight low at Monday's P.O.C., and maybe even all the way down to where price bottomed out Monday. If price does not head towards settlement and goes up then my max target for the upside being the unchecked point of control near 15313. I'm going to be watchful for price to do nothing much and just chop around until FOMC also as it's a strong possibility.

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