The FOMC minutes at 14:00 Eastern is the main event of the day. Expect a choppy advance in the morning and pause for the news. If the minutes sound hawkish, market will probably turn soft for the rest of the day.
The SPX did in fact find a low early, right off the close, and rose for the rest of the day. As it has moved past the .382 retrace of the prior swing, we have to assume a bit higher today before settling in a consolidation waiting for the FOMC minutes tomorrow.