The S&P 500 dripped a little from the open in the morning but had a good run up in the afternoon. A small consolidation is possible today as the market waits to hear what the FOMC has to say at 14:00 but do expect the market to hold up pretty well. As long as the FOMC statement is not too hawkish, I think the next major goal is to aim for the overhead gap left from the April 18th close, around 2709, perhaps by the end of the week.
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