Doubt there is much movement in anything prior to FOMC statement at 14:00. Keep in mind that there is also a press conference at 14:00 in which the Q&A can lead to market moving news. I suspect the next move is lower but am open to it finding support at 2498 or 2493 SPX and attempting a push toward 2517 to 2520 SPX before rolling down in wave (iv). However, if they pop up to test overhead support first, I think the supports will end up weaker and more prone to breaking. Net, think we are closing in on a wave (iii) high, though not sure if there is one last down/up squiggle left in the pattern.
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