Starting tomorrow we have a big week of data and announcements that will impact the markets this week. PPI data are scheduled to be released tomorrow at 8:30 am eastern time. Wednesday we have the big Fed meeting. We will likely see a quarter basis point rate hike. The surprise would be no hike at all, which would be very unlikely, or a half point rate hike, also unlikely. Due to the Russian/Ukrainian war, a quarter point hike seems most likely. Expect increased market volatility and whipsawing, making short-term trading conditions more difficult. I will be using strict risk control and reduced market exposure until the dust settles and we have a clearer picture of future market direction. We are near or approaching major support levels in the major indices, and I want to wait and see if these hold or break with conviction.