Dow 30 Sep 14 to Sep 18 Outlook

Recap
The 2-way swings expectation played out nicely. Dow did its usual gap above Y-0 trick which forced a squeeze to test Y+1. FBO against Y+1 gave us a drop back down to Y-0 and an attempt to fill the gap below. Closed the week near Y-0 and below midpoint.

Outlook
All eyes on FOMC meeting next week. The direction for which Dow gets out of the decision will tell us which way it is heading in coming 2 to 6 months. Many size players will choose to stay on the sideline until this week is over hence congestion / tight range until end of week likely.