1:58 pm EDT:  We’ve seen a seven point drop off the 1057.50 high, which is a bit unusual for a bullish FOMC day.  If the ES cannot break this high within the first 15 to 20 minutes after the announcement at 2:15 pm EDT (which is sometimes a few minutes late), we may see a selloff similar to the last announcement.  Accordingly, this is a bit of warning for the longs.  If there’s an initial dip instead of a rally, 1048.00 could be buy, but we would not try to go long below that point.