Given the negative news and VX strength this morning, I'm automating bearish for the day unless something changes. I'm looking for some short setups as a result, but don't expect anything too crazy before FOMC. I see two options for ES today, a move down towards the 5300 area, but mostly a chopy day. The other scenario is VX really gets moving and ES actually breaks below 5300 in an extended sell off. I don't really see a world where we're bullish today, but I may change my mind if I get new information. It should be either down or chop today.
