SPY 0.00%↑ continues rangebound in this bear flag ahead of FOMC. It does appear market is waiting until FOMC to make it’s next $20-$25 move.
For tomorrow will continue to watch the trading within this flag. As long as we remain below $396.60 it’s likely that we will revisit 389.15.
For tomorrow:
396.60 pivot
Below pivot target 393 / 390.59 / 389.15
Above pivot we may have a breakout to 400.67-402
-Jovan