Good morning traders, Futures have us opening about .3% down. Well over their overnight lows. Bigger picture the market seems to be wedging up, a pattern that usually resolves itself to the downside. In the intermediate term if the market holds under SPY 115.20 we should expect to see a test of SPY113.20. On the upside SPY117.60 is the next real resistance point. Market is in an uptrend and strong, go with the flow until you see something really change. Remember today 2:15 FOMC, trading is usually choppy and quiet until then.
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