SPX did not give us a high entry point on scenario 2, now it is a short area from 2036 to 2046 corresponding to scenario 3. Beware of FOMC positioning, it will be highly volatile so near stops are likely to be hit no matter if our direction and entry location is right or wrong. So, I would call it very risky, only a very low risk trade, with a far away stop. If FOMC is positive for market - look to exit with a minimal damage. But recent plays told us it can take from few hours to few days until market is provided with an appropriate narrative by CNBC and FT talking heads that suits FED a bit more.
Comment:
Market might give us a desired entry point at 2040 but be prepared to protect the entry early.
Trade closed manually:
Partial profit could be taken and the rest moved to B/E. In any case trade is off the books for now, wait and see mode
