Mid-day Update… Waiting for the news. And the other news.

FOMC events dead ahead.

The open’s tests of fresh highs and of the morning’s 2507.00 bias-up signal held, putting into play an offsetting test of the morning’s 2498.00 bias-down signal. It was attacked down to 2502.50, making it “unfinished business below.”

Meanwhile, the relatively narrow range persists as this afternoon’s FOMC events get nearer. Probing in either direction is possible. Probing in both directions is possible, too. Either or both probe could reach double-digits before reversing, if reversing.

And the reaction to the policy statement could be undone during Yellen’s Q&A. Especially if initial trending were to probe either end of this afternoon’s 2498.00-2507.00 no-bias environment.