The ES lost 4 handles in very indecisive fashion which leaves the mini pattern still boxed up and in need of resolution. The real move after an FOMC decision often comes the day after the announcement so be ready for a breakout of this range on Thursday.
The NQ futures were slightly weaker than the broad market and posted a midrange outside day down. The upward trend channel is still positive and price is retreating from the key 4/8 Murrey math level.
The 10-day Trin is neither overbought nor oversold.
Multi sector daily chart:
The OSX was the top gun on the day.
The SOX was higher on the day but bearishly closed below the opening price.
The BTK was a big loser, closing at a new low on the move. Keep an eye on a close under the 6/8 level.
Oil:
Gold:
Silver:
TLT:
JJC:
