Futures are moderately higher, sp+4pts, we're set to open 1383 or so. Market is pleased with the ADP jobs data, which came in at 163k vs 120k consensus. ADP remains highly uncorrelated though with the official govt. data.
sp'60min
sp'daily5
Summary
An important day is ahead. Bears should seek a close in the 1360s, bulls will want to break to new highs of 1395/1400. I find the latter hard to envision, although its possible briefly.
As with any fed day, the swings around the time of the annoucement will be pretty severe.
*we have other econ-data at 10am, so market will be likely to make further swings at 10am.
So, get ya popcorn ready, a long day is ahead, and by the end of today, we should have a clear direction.
Good wishes for Wednesday!