From Investing.com:

The Emini daily chart indicates increased risk for bulls with potential for a surprise breakout by the end of the day. Bears hope for downside breakout but face odds against them. Emini down 27 points in overnight session, likely forming a bottom. Expect trading range price action in U.S. session before FOMC report at 2:00 PM EST. Yesterday’s setups show entry points for swing trades, with focus on Always In perspective and managing risk. Traders should wait for lower risk trades or consider trading the Micro Emini.



Read more at Investing.com: S&P 500 E-Mini Trades Sideways Ahead of FOMC Release