Please note, PCratios are practically same as yesterday, so the same comments apply from yesterdays post.
FED day is upon us and we are almost where we were 22 days ago on closing bases. Sometime later than 4/5 we predicted ( using our trusted Pressure charts) that we could be in for upslanting sideways consolidation. Well, you are always the judge of what we sayd and what happened. Just look at the charts. Now, we maybe approaching the end of MEANDERING. We may have pretty sharp moves today one way or the other. Look at the pressure chart for expectations.