Fed will be in focus

• Market has been down three days in a row and yesterday was 500 plus day to downside. on Market Monitor.
  
• The pattern for few weeks has been Monday selloff followed by Tuesday reversal. So let us see what happens today.
• Lack of buyers means follow through on breakouts is a problem. But earnings season is still on and earnings breakout is still where the action is.
  
• Today is Fed interest rate decision day and it can lead to wild swings and it can often lead to change in prevailing trend.