Yesterday's expected action was to be balanced ahead of today's FOMC, and it didn't disappoint. There was an attempt to push through all the single prints from Monday but sellers were not aggressive enough. Value was overlapping lower to Monday but remained an inside day.

The nearest resistance zone has been tested several times and would be more likely to break if tested again for a run to 83-85 then 93.75-95.75. The micro bull/bear remains the same for now and will be leaning on that area for a bias. However, ahead of the Fed opportunities may be scarce which offer good risk:reward.