Oil..might be one of the few instruments that is trad-able before the FOMC release.
Point & Figure resistance is @ 48.90.
Nasd 100..June is trading @ a 4 point premium to March.
5400 is last weeks high in March.
Sustained price action above this level after the FOMC will cause a feeding frenzy in risk assets.
I’d rather be late (and sure) than early this afternoon in initiating a trade.
It’s Wednesday…If we rally into the close today I would not press longs.