Fed out

With the FED out of the way I think the seasonality of the holidays kick in and we head higher. It is pretty much dead out there volume wise so it would take nothing for them to move us higher.
Remember too we have expiration this friday. Most are already trading January options and March futures.

FED DAY

Fed day today so I except very low volume till the announcement. Does this leave us clear to edge higher into a Christmas rally? We will have to see, take note of that 1121/3 area as this is the 50% retracement area of the all time highs and the March lows. That area will act as a magnet here on the upside though ultimately we could head higher.
Remember we could go any way here and 1200 is not out of the picture if the signals turn up. If we can't break up on volume we will put in another narrow range divergence and this would make it 5 in the consolidation range.