Pre-Market

Pre-Market indications don't look good for the market. Today is obviously an F_O_M_C_ day so watch the knee-jerk reaction, but there's no press conference, which leads me to believe, not much will be said.

There are some interesting moves in currencies, but the few that really matter and the 5 min Index Futures charts make today look like it's not going to be pretty.

 Yen 1 m The Yen regained everything it lost over night in 1 hour this a.m., not market positive. There's been some obvious profit taking on the move, but...

Yen 5 min The 5 min chart looks to support the move

Euro 1 min Here the Euro appears strong, but there's mo signal

Euro 5 min the 5 min gives us a negative signal and the $USD also says Euro down.

AUD 1 min The AUD is down hard after some bad economic news out of Australia-market negative

USD 1 min this suggests the USD flies-market negative-Euro down

ES 1 m I think is closer to in line

 ES 5 min says it all

NQ 1 min in line

NQ 5 min again highlights the weakness

TF 1 min is leading negative

TF 5 min 5 min backing that up

I'd still expect plenty of volatility, but things are not looking good