First Look: 2021-03-17

Now to wait till the FOMC statement

S&P 500 futures moved lower in the early morning to test at support at 3931. I think you can make a case for the first impulse down being in at the morning low and thus due for a consolidation and bounce. I favor a bounce into midday followed by a choppy hour or so before the FOMC statement at 14:00. Remember there can be another increase in volatility …