Wednesday Prep
The zones above are still from last Thursday's prep, and the market has remained contained within the initial support and resistance. Range and volatility has contracted ahead of the FOMC announcement today and the primary expectation is for the market to remain balanced within the range until then.
We still have open gaps below to fill but with the market currently balancing at higher prices just ahead of the all time high that may be the path of least resistance first. Depending on the statement, we could see containment within the current range, false breaks or a break either side with volume and momentum. The zones for today are below with minor adjustments.