Yesterday the market was mostly sideways and it looks we will get more of the same this morning. Today we have the FOMC rate decision at 2 PM Eastern and the press conference from Fed Chair Powell at 2:30 and at least one of those is likely to move the market. With that and the fact that we are sitting on all time high resistance, I am not likely to take on any new swings today unless I see a really attractive setup off of the weekly watch list late this afternoon. Keep in mind that with FOMC events we typically see a move and then a counter move before we really see a direction. Do not chase these initial algo driven moves and let the true direction reveal itself before taking any post FOMC trades.