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WEEKLY S&P DONE WITH THREE WAVES DAILY STUCK AT RESISTANE

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FX:SPX500   S&P 500 Index
STOCH STATES VOL INCREASE QUICKLY , MACD D IS ABOUT TO DOWNTREND, RSI IS OVERBOUGHT RANGE WAY OVERBOUGHT!!!!

IF YOU LOOK AT THE OTHER DAILY CHARTS WE CAN NOT BREAK ABOVE THE RESISTANCE YET TOUCH OUR LOW ON A DAILY BASIS TOMORROW THE FED CAN EITHER DEVASTATE OR RALLY THIS MARKET HOWEVER THE DAILY CONSOLIDATION IS NOT STRONG ENOUGH TO ENCOURAGE A DOWNTREND.

TIME FRAME ONE DAY TO FEW WEEKS FOR CORRECTION BUT HOPING TODAY WAS PROOF WE CAN NOT BREAK THE RESISTANCE AND TOMORROW YELLEN HAS MORE TO LOSE THAN GAIN IN HER FOMC MINUTES.

EXPECT A SELL OFF IN MORNING BUT A POSSIBILITY OF RALLY AFTER EUROPE CLOSES AS THE DAILY TREND IS SHOWING THIS WHOLE WEEK , HOWEVER THE CATALYST ARE THE NEW VOTING MEMBERS ON THE FOMC. TOMORROW IS A WILD CARD WITH MORE TO LOSE THAN GAIN IF THE WRONG DECISION IS MADE.

DON'T BE SURPRISED IF ISIL CAUSE CONTROVERSY DAY OF FOMC MINS JUST LIKE PUTIN DID MULTIPLE TIMES THIS YEAR CAUSING SHARP CORRECTIONS.

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