The day session is staying within yesterday's range for the time being.
As we anticipated, the market is staying below last week's high of 1071.50. The 1035 ET tumble was a little of a surprise. At the time, I thought that the market might hang just above yesterday's Point-of-Control Price until this afternoon's FOMC announcement. Anyway, the market is back at its VWAP line.
Charles
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