Waiting on the Fed.

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Waiting on the Fed.E-mini S&P 500 FuturesCME_MINI_DL:ES1!DanGramzaThe structure in the daily chart of the S&P 500 is a neutral position going into the Fed announcements coming out on Wednesday. The expectation is the Fed will leave interest rates unchanged. This means it should not create a shock to the market. The bias is for moved to the upside but will buyers have a reason to move this market higher.