Stocks Pause In Front Of A Fed Announcement

For the most part, today was an inside day in the Stock Indices. This tends to lead to a breakaway move. There is a Fed announcement tomorrow and that will likely give the Market fuel for a breakout of the last two days range. The rally off yesterday’s low does appear, as of today, to be countertrend. The Briefing outlines possible short-term resistance areas to watch for tomorrow.

Tomorrow’s close will be very interesting.

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