Tuesdays low touched the 27 hour ma and bounced slightly. Wednesday is a news “anomaly” event day in the morning and at 2:15 PM. The projected high for the day is 1540 if the day trades normal. The FOMC policy in the past has generated sharp knee jerk reactions in both directions. After the initial knee jerks the bias turns down until 11-07 with 1515 area as support.
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