The FOMC announcement is set for about 30 minutes form now
In my opinion, there will not be a QE3 announcement today. What this does to the market is the big question, and despite what some super gurus may tell you, it's a crap shoot.
Reacting to the reaction of the announcement is alwasy the more prudent strategy, so I'll be on the sideliens awaiting movement, if indeed it does happen. I think we should get some sort of movement, but who knows?
Remember, we still have the ECB announcement tomorrow and Job Numbers on Friday.