Stocks...
Spu’s...2030-35 is the resistance and target level for March.
June 2020-25 with the cash (SPC5) 200DMA @ 2019.
Nasd 100...4400 +- a couple is where the 200DMA comes in. This should reject the first time up.
Bonds..
FX…
GBP/USD…140.69 is the .618 Fib
Yen...87.95 will be pivotal. Yen will need all new closing weakness under this level for lower.
Commodities…
Gold…1238-41 is closing resistance.
General Comments or Valuable Insight
I doubt much will happen until the FOMC release @ 1 CDT.
Regardless of what transpires today, tomorrow into Friday will set up the next quarters trade.
You won’t miss anything by missing today.
Oil will be a day trade that should be divorced from the FOMC jitters.
The technical model is up in the Equity Indices with strength into Wednesday.
The December FOMC had a similar scenario where equities rallied into the close, then sold off the next day.
Plungers need to be patient looking for a mid week high and a trad able # set to manage risk.