Anyway, the last 4 times we had a green FOMC day - the next day traded higher and all days were green. If this dips into the Close - I might be tempted to take a long overnight for a 5600 touch tomorrow. 45 minutes left, so it can still hit today. Maybe a weak consolidation tomorrow before the final death stab for the bears on Friday for a move above 5640. Not what I had in mind by yesterday's Close, but that's how it looks for now.
careful about the first rate cut news, spooks market usually..implied recession, contracts PE ratios. EMA shifted negative into the close.
Finally broke and closed below the uptrend. If we don't reverse back above it, there might be more downside to come.