/ES and /NQ stock market futures are trading in a tight range this morning traders. Seems the market is continuing to pause here just below the recent highs from a couple months ago, waiting for some news to drive it one way or another. Here are the updated index levels on the SPX intra-day chart.

Today everyone will be examining a report in The Wall Street Journal saying the Federal Reserve is debating how to signal the next rate move, though the central bank is unlikely to change its phrasing about keeping interest rates near zero for a long time during next week’s meeting.