
As Market held at the 51.50 level (were had 51.25 on our watch list). We can't read too much into that medium term because it's FOCM today and a likely rate hike. So we have to let that wash out first.

We dipped below the bottom of last weeks major distribution yesterday. Just a probe down, so our range is still intact. Looking to fade 2372 and 2359.25.

Still pretty narrow though in the day session - around 10 pts.
Plan
- FOMC day, so not expecting much in the AM
- will look for the range to continue but with the FOMC it's just not a predictable day
Weekly Numbers
Range - 2354.75 -> 2372
Value 2364 -> 2371
S1 - 2354.75, R1 - 2378.50
Daily Numbers
Range 2354.75 -> 2365.50 / 2371.75
Value 2358.75 -> 2362.75
Globex 2362.50 -> 2370.25
Settlement – 2369
Today Only - 2333.25, 2351.25, 2358.25, 2373
Long Term Levels - 2178.75, 2129.50, 2099.75, 2084, 2078.75, 2000.75
Plan
- FOMC day, so not expecting much in the AM
- will look for the range to continue but with the FOMC it's just not a predictable day
Weekly Numbers
Range - 2354.75 -> 2372
Value 2364 -> 2371
S1 - 2354.75, R1 - 2378.50
Daily Numbers
Range 2354.75 -> 2365.50 / 2371.75
Value 2358.75 -> 2362.75
Globex 2362.50 -> 2370.25
Settlement – 2369
Today Only - 2333.25, 2351.25, 2358.25, 2373
Long Term Levels - 2178.75, 2129.50, 2099.75, 2084, 2078.75, 2000.75

