Futures Pointing to a Slightly Higher Open...

BMO - ES +4 and NQ +4 futures are higher in pre-market trading pointing to a slightly higher open. Before the open Durable Goods Orders are expected to be down -0.5% and at 10 am ET New Home Sales are forecasted at 365K. Excepting for a negative surprise on these announcements the big event that the markets seem to be "spinning top" around is the Fed announcement at 2:15 pm ET. Look at these Charts... (click image to enlarge) At the Open on Wednesday SPY – spinning top below 50 DMA QQQQ – spinning top below 30 DMA FUQI – bearish engulfing above 20 DMA ESRX – bull flag above 20 DMA DECK – spinning top above 20 DMA AAPL – spinning top above 30 DMA NFLX – spinning top above 30 DMA QCOM – hammer above 30 DMA SHLD – spinning top above 30 DMA MRVL – hammer at 30 DMA STT – doji at 30 DMA ADBE – hammer below 30 DMA PCLN – hammer below 30 DMA ICE – hammer below 30 DMA JOYG – piercing line below 30 DMA FLS – spinning top below 30 DMA X – hammer above 30 DMA FAS – spinning top below 50 DMA SPG – spinning top below 50 DMA POT – break high of low day AGU – break high of low day GG – break high of low day