The S&P is in a very tight range for now. It typically happens this way before Fed news. First hour range to trade against for the S&P is 1354 low, and the high 1359 (SPY low is $135.33, and the high is $135.86). Yesterday’s pivot high in SPY was $136.25 (S&P 1363). Most stocks and sectors are just hanging around. Commodities are showing relative…
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