Yep. Here's my favorite quick glance calendar for significant events: https://www.forexfactory.com/ AM.
I took the bait @ 18,50. Let's see if that was a trap entry or not. Quickly out around 14 if wrong. Hard to say where the day takes us. I have an upside bias for a gap fill - but not much beyond that. Could take out yesterday's high, but we're a bit overextended, so might be wise not to be too greedy. Maybe 4630 on the day if we get continuation higher. Maybe. The other scenario is rolling over down to or below say 4600.
7.50 point range. Sluggish. Every pop is sold and every drop is bought so far. Triple top to the tick, but I don't think that's going to hold.
Anyone seen @Buy1Sell2 lately? If he was around - I assume he would have said: "I see no obvious reason to be short here."
Doesn't seem like much is happening until the FOMC statement in 32 minutes. Anyone taking a lottery ticket going into that? ES fairly neutral. NQ green and trading above the Open now. It's suggested that tapering is already priced in, so I imagine that should be no surprise. I wonder what could trigger a sell-off, then. Maybe a steeper projected rate path or a higher rate increase than anticipated. Unless it's a buy-the-rumor / sell-the-news event. Still holding that long from 18,50, but will probably take a small profit if I can prior to the release or just hold with a 5 point stop.
Probably wise to wait for a pullback here and then see if it is a pullback or becomes a reversal. I'm getting a bit dizzy up here.