Pre-Market Brief

Good morning. Its a Fed day, so it will get real choppy later today. Futures are a touch lower, but sp is only 1pt lower, we're set to open around 1435.

The FOMC annoucement is 12.30pm
Fed updated econ-forecasts 2pm
The Bernanke does a press conference around 2.15pm
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sp'60min

Summary

I remain looking to re-short, and very likely will today. Preferably, 1445/50

Best guess now...we briefly spike around the time of the annoucement, even if QE is not done.

Good wishes for Thursday trading