SP500 reached lower to the Dec . 2015 support in the morning and hold above it before and after FOMC.Closed at 2095.1 which is under the recent swing high resistance. This pattern looks not like not a strong reversal. But by penetrating the .618 level of the last down trend of wave a-b-c, .786 ( 2013 ) is next target.
Looking for a short entry @ 2013 if it shows a sign of top, SL @ 2112.5, TP@ 2093.5, this is not a trade with good P/L ratio, so it is ok to ignore it. But the new wave a is not likely to surpass wave a/1 @ 2110, which adds to the safety of this trade. Anyway, don't follow my trade since I cannot elaborate every detail in this trading journal, and also I only have 40% of chance to win as a day trader.
OIL divergence on . A major correction may happen before the end of next week.