Fed Day

Waiting for the Fed announcement today. Yesterday's action in the DJI, SP500, and NQ100 demonstrated again that there continues to be some pricing going on in the market. The daily price action this week should test all the data from bad debt to rate cuts and reveal some direction for the rest of the quarter. Getting the three indexes to reject the lows and close strongly over the August lows is required for a bottom. Obviously, risk picture will be changing today after Fed.