Good Morning Traders!
FOMC results are due out at 1 PM CST. Main levels for the SPs are marked off to the upside and to the downside on the chart below. If the market rallies further, 20 day highs in the Russell and the Sps are the main pivots.
There are Pinball Buys in the CL: Buy any test below the PDL or, the market may make a higher low…there is the Crude report which may add to the volatility.
Silver is poised to resume upside as it held its gains well yesterday.
Sugar has a bullish hourly chart formation.
The dollar index is tightly coiled, but it will be a guessing game to forecast movement in front of FOMC.
Get ready to Rock N Roll after FOMC! Linda