2pm update - afternoon chop

US equities remain moderately lower, with the sp' seeing some churn in the 2070s. Market looks set to move into a holding pattern ahead of the Wed' 2pm FOMC announcement. Metals remain weak, Gold -$6. Oil is similarly weak, -1.4% in the $43s.


sp'60min

Summary

*added a fib' retrace to the hourly, there is an upper resistance zone of around 2086/91. Any daily close >2090 tomorrow would wreck ALL near term bearish outlooks.
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So... its a case of waiting to see what the FOMC say.. but that is a full 24hrs away.
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Notable strength: AAPL +1.7% in the $127s.... downside to $115 remains viable.