If the above unfolds, USD can strengthen further and put pressure on expectation of American international companies. The markets can decline if are expected to be soft.
Current market support is on the uptrend line around 17500. Expecting a low , two sided trade, till FED announcement.
Market remains above IM cloud and thus has bais. Fisher 10 is also turning up and can lead to rally, especially if a divergence develops.
For instructional purposes only.