The U.S. stock index futures markets have seen gains recently and bulls are working price uptrends on the daily bar charts, to suggest market bottoms are in place and that prices can trend at least sideways in the near term, if not sideways to higher. Wednesday afternoon’s price action will be extra important for stock and financial market traders. How these markets trade in the aftermath of this afternoon’s conclusion of the Federal Reserve’s Open Market Committee (FOMC) meeting on U.S. monetary policy may set the tone for their price action during the next couple weeks, or more. Stay tuned! —Jim Wyckoff