Freeport McMoran (NYSE:FCX) is pushing back down into the red zone on low power. We expect to see a reversal as price whipsaws back to the upside.

  The S&P 500 index proxy (SPY) is ping ponging off the lows of its recent range as we wait for the Fed this Thursday…We are looking at a coin flip environment, and are keeping our powder dry at this time.

  (EUR/USD) exploded out of the ivory zone on news out of the ECB. This forces us to remain on the sidelines as we wait for a better risk/reward scenario to show itself.

  L Brands (NYSE:LB) has turned down within the red zone on lower power. Nothing new to add at this time as we wait for resolution.