Going into the Fed announcement, nosotros tin meet that the S&P 500 (ES) futures moved below their overnight lows, exactly held back upwards inward a higher house yesterday's lows, despite a abrupt selloff inward crude oil in addition to commodity-related stocks. We've since bounced inward a higher house VWAP, creating a attain 24-hour interval ahead of the announcement. The the United States of America dollar is stronger against the euro in addition to the Aussie dollar (though off its highs); crude oil remains significantly lower on the day; aureate is down, exactly off its lows. Ten-year Treasury yields are downward on the day. With the extended attain going into the announcement, traders volition hold upwards looking for breakout moves. If selling holds inward a higher house the forenoon lows, I would hold back novel highs inward ES; failure to brand novel 24-hour interval highs inward ES would target the day's lows every bit an initial target. I'll hold upwards updating via Twitter next the annunciation to estimate buying in addition to selling interest.
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