DOW – The DOW has a zigzag appearance W2 after fading from the highs..the fade is hardly treatening, at least to me..it’s correcting the entire move from the lows a couple days ago and I expect a big pop on the fed decision in 20 mins..

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NASDAQ – The NASDAQ has the same W2 zigzag appearance as the DOW…the fade appeared to be a W2 before W3 setup, so like the DOW I’m expecting a big rally off the fed decision..we’re literally 2 days coming off a bottom with a VIX still in the 20’s…4-5 bottom and 786 or 1.00 reversal is the play.