It may sound like common sense but if there is no setup you must stay flat. The market has been up for the last few weeks so our bias is bullish. No setup to allow a long entry so we have just been flat. It may be difficult to stay flat but the alternative would be to lose money. Not a hard decision when looked at from that perspective. Review the chart and see for yourself. The S&P 500 futures december contract shows indicators in buy heading into FOMC.  Keep a close eye on 1267 for a support area as this would trigger a buy for us.