No Charts Till the Fed

It looks like both the bears and the bulls got the bigger piece of the wishbone from Turkey. The bulls got their wish in the after-hours Tuesday, while the bears enjoyed the wee hours of Wednesday morning.

Bulls didn't heed the warning: Nothing good happens after 2 a.m. The market did offer some opportunities just before the open of the regular session for those were willing to take a risk, but the setup hasn't been quite as attractive ahead of the Federal Reserve's announcement later today. It's not likely I'll be making any big bets in either direction into that event. On the downside, I'll look to be a buyer down in the 1750s on the S&P 500 and maybe look to go short around 1810. I imagine the action will be quick today....197 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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