$SPX is still stuck in that downward channel, and today's FOMC is the likely trigger for a real break either way. The bet here leans toward a breakdown, but that's a bet, not a certainty. Levels to watch: resistance 7500-7510, support down at 7315-7325, with 7448-7450 and the 21d ema around 7477 as waypoints in between. Worth remembering the first move off an FOMC decision is usually fake and algo-driven, the real move tends to show up tomorrow.
Aggregated and distilled by Two Sentence Traders. Not financial advice.