The market at crossroads

The market is at a crossroads right now. How it resolves it might have major implications, but will certainls have short term implications. The nasdaq has been hugging the upper border of its trading range for an extended period of time. And is now at the low reaches of this upper trading zone. Tomorrow the Fed will cut rates, lately that has menat market declines. But there has no pre-announcement market increase this time around, so its anybody's guess where it will go.