The S&P 500 futures are indicated to open about 7.75 points higher with premium factored in.
The NASDAQ is indicated to open 12.5 points higher.
Today could be a very slow range bound day with the FOMC announcement tomorrow.
We may end up in a wait and see period, however, if in fact we do get a range bound session and the spread is large enough, then it may just be a day in paradise for us.
Keep your pivot levels handy as we are slated to open on the S&P right about the first level for the initial projected high for the day.
I will be posting both the Opening Range and the First Hours Range once they become available.
Remember, we are using the SPY chart for our signals, but not our vehicle of trade.
USE YOUR STOP LOSS ORDERS AND LET'S MAKE SOME MONEY TODAY.
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