Chances are that there will not be much excitement until FOMC. When it comes to the Fed I throw out all technical analysis, for the most part. The .25% hike is not only expected, but required by the movement we've seen in Treasuries and in Fed Fund Futures whose Front month contract during Fed meeting months is nearly a 100% accurate indicator for predicting Fed rate hikes. If we don't get the .25% hike expect expect things to get crazy (especially if Yellen gets revenge w/ a .50% hike). The future guidance will be the "news", provided we see the .25% hike but the keyword the market will react to is "inflation". This will be the last major "event" of the year and also the last Fed Meeting under Obama so I'm thinking a very big move today. Direction : TBA
