Wednesday Prep

Review

Very balanced profile on fairly light volume (1.38m) with negative trending cumulative delta (-52k at RTH close), inside prior day's range.

RTH 1 min below with yesterday's zones:

The BoJ announcement overnight saw an initial break lower, which was short lived, and a rally to re-test yesterday's high at the initial resistance zone.

I'm keeping the zones as they are for today ahead of the FOMC announcement - depending on what is said, there remains a large open range gap above from 2158.00-69.25. If we see a sell-off down to the 2115.75-17.25 zone and it fails to hold then we could see sellers target a move lower to the 2080 area.

Today's Zones: