@Asphen:Unimpressive CPI fails to bring SPY across 412! Await PPI tonight to define direction! - Less than impressive CPI print fails to knock SPY above the key 412 (mid range) - Did not hold above MA5 too but held again at 407 (range box) - Looking to PPI tonight for direction, either below 407 or above 412. If it does break 412, then 416 would not be an issue - Very important note ==> MA5 is inverse basing!! But MA20 is still far away, so crossing below would take time. A good PPI print can still move MA5 back up.  My watches - Can PPI break 412? or will it break below 407? - MA5 direction and whether price action can get above it tonight - Until then, I am neutral to cautious bullish. Not bearish yet. @TigerStars  

@Mrzorro:The Fed Will Either Pause or Hike Interest Rates by 25 Basis Points. What Are the Pros and Cons of Each Approach? 'Fed decision will be seen as either capitulation to the markets or ivory-tower isolation' The Federal Reserve will meet on Wednesday and, for once, the outcome is unclear. This is the most uncertain Fed meeting since 2008, said Jim Bianco, president of Bianco Research. Fed officials, starting with former chair Ben Bernanke, have perfected the art of having the market price in what the central bank will do -- at least regarding interest rates -- at each upcoming meeting. That has happened 100% of the time, Bianco said on Twitter. The Fed's meeting this week is different because it follows the sudden collapse of confidence in the U.S. banking system following the government take