Tomorrow’s Fed meeting might not give us a specific catalyst for a big move in the markets, but it should free up the S&P 500 and the NDX Nasdaq 100 to tell us where they want to go after the sideways range they’ve been in for three months now.
The answer to which way they break in the next week or two should come from the moves in the regional banks, the small-caps, the S&P Equal Weight index, and (especially) the tech stocks.
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