Neutral

The market is in a battle. The shorts are trying to keep pressure on the market and the longs are working bids the whole way down. We are in a two day FOMC meeting so we should see who will be right by the end of the meeting. I am staying on the outsides until it becomes clear with the direction. Support is 1012.00 and resistance is 1052.00.

Neutral

There is volatility back in the market. We are seeing the longs take profits and the shorts try to push the market lower knowing that they need to sell. Stay on the outside and do not trade the middle. Support is 1012.00 and resistance is 1084.50.