SPX has rallied between the 1641 and 1649 pivots which leaves a lot of patterns open. Although the Score has turned slightly bullish this morning, it should turn bearish if SPX drops below 1632...especially if SPX first consolidates in the 1640s until 2-3PM. If SPX rallies too much higher, that may leave enough room for any dip to keep the Score bullish. So, bears probably need to hold 1649-1653ish.
The System stop has been raised to 4hr support at 1623.95 where the System would also go short. That might be a tall order with the FOMC announcement looming amid bullish rumors, so, if SPX ultimately plans to breakdown, I would not be surprised by consolidation at 1624-1654 into the Wednesday announcement (I've got mixed info as to whether it's 12:30PM or 2PM EST). Good fortune.
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