The Fed will be releasing their FOMC decision in the afternoon on Wednesday. The market may continue to be choppy until their release and then the market should move one way or the other soon after.
The market has factored in a No-Tapering decision.
-- Any hint of tapering could cause a sell-off, and no tapering could also cause a sell-off, but the Fed buyers will be ready with their buy programs.
-- The market may rally if the fed hint a potential increase in their bond purchase in the future.
Key inflection price level to watch for on Wednesday is still 3475.
