11:02 am EDT:  Not much to write about.  The 1107.50 level was breached by two ticks prior to the open, then there was a minor move up to yesterday’s overnight high of 1111.00.  No reason yet to expect any major deviations from the typical FOMC day profile.  The last four or five announcements have been several minutes late (past 2:15 pm).  Also, in the first 45 minutes, there’s usually a three wave structure with a quick initial impulse, a retracement, then continuation in the original direction.  With the low volatility lately, it’s possible the move will be small.  However, consolidation of the leaders suggests otherwise.