Well, the 1380 level is holding up pretty well. A close above it looks more likely than not.
sp'60min, rainbow
vix'60min
Summary
Mr Market is merely in a holding pattern until tomorrow, awaiting the results of the FOMC jury. Urghh
* the hourly MACD cycle could easily be flooring at these levels, and as others out there note, a move into the 1390/1400s is viable. Whether that makes for a final wave'5...no idea.
All I am sure of right now, all declines until 1325..not to be taken seriously.
More after the close