Markets are holding steady in a wait-and-see mode right now. Futures are trading flat as traders eye two major catalysts this week—the Fed's rate decision and Oracle's quarterly earnings drop.

The Fed's expected to cut rates, but the real question is what Powell signals about future moves. That tone could shift sentiment fast. Meanwhile, Oracle's numbers will give us a read on enterprise tech spending, which has ripple effects across risk assets.

This kind of sideways action? Classic pre-event positioning. Nobody wants to commit hard until the headlines hit. Volatility's coiled up, and once we get clarity on rates and earnings beats or misses, expect some actual movement. For now, it's all about patience and reading the signals as they come.