11am update - chop ahead of the FOMC

The indexes are seeing some minor price chop ahead of this afternoons FOMC press release. Equity bulls should be able to hold the Tuesday sp'1784 low, and a daily close in the 1800s is viable. Metals are seeing a bounce after early declines, but the broader trend remains very weak.


sp'60min

Summary

So...a few more hours of minor chop..and then we'll see if Mr Market can use it as an excuse to ramp for the rest of the week. Things only get interesting if <1784..which does seem unlikely.

*as for my Silver short, I'm looking for an exit in the SLV 19.10/18.90 zone, that seems viable tomorrow..if the broader trend continues.
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Notable weakness in TSLA and TWTR.

TWTR, daily

A daily close <$40...probably offers an easy $10 lower to $30 by end year..regardless of main market strength.