Qs

Qs remained in very tight range during the earning month trading within a range of 44 to 46 while
SPX remained in range of 1200-1300.

As noted on SPX comments, market reactions to the Fed comments on Tuesday will be a catalyst for
breaking out of the trading range. We have 3 months going into Nov election which is normally favorable months even though we have very negative financial, economic, and political sentiment.

Intraday price actions show triangle formations going into the FOMC meeting which will be a catalyst for a break out from the range. Good luck

Have a nice weekend