Statistics Support there will be Movement in Prices
The 10 day historical volatility is nearly half the 100 day historical volatility in SPY which is stating that there is a likelihood of a big 1-2 day move coming. With some global unrest along with the Fed announcement coming on Wednesday, the statistics support the fact that there will be movement in prices.
Coming into today the market is in neutral territory with SPY at a ConnorsRSI reading of 55. Any surprises on either the geopolitical front or from the Fed will be to the downside.
Today’s Potential Opportunities on Further Pullbacks: