Meeting is a day away!    We are not trying to analyze the whole situation like an economist but rather trying to focus on the potential trading impact surrounding these kind of events.      Market is suggesting a pull back ahead of the meeting at this moment and it does feel that it might be the right  idea.     The trading environment is usally choppy around a FOMC meeting.  Recalling from the past, the small caps either don't budge that much or get taken down by the index.    We've lightened up quite a bit yesterday and also further trimmed our positions today.    Keeping some skeleton shrs of our favourites here and there.

So what to expect?   Nothing!   Whatever is going to happen is going to happen.   We just have to react to the action accordingly, and deal with it afterwards.