1pm update - yet another hour of churn

Mr Market is very content to churn sideways ahead of the FOMC announcement. As many should realise though, how the market interprets Yellen in the afternoon press conference, that will be far more important than the fed decision itself.


sp'60min

Summary

Little to add....

We'll likely flat line for another hour...before some moderate chop.

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back just before 2pm....and updates will be more frequent..as and when necessary.
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