Pre-Market Brief

Good morning. Futures are moderately higher, sp +4pts, we're set to open @ 1643. Metals are weak, whilst Oil is a touch higher.  The FOMC meeting begins today, and market is no doubt going to be a bit twitchy for the next few days.


sp'60min'3

Summary

A few pieces of econ-data due..so we could still open red, but smaller cycles offering significant upside. Certainly we could break 1648 this morning, and that opens up the primary target zone of 1670/75.
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I am on the sidelines, which seems a good place right now.