Moment of truth

FX:SPX500   S&P 500 Index
161 0 2
This is the moment of truth. do we break up for our massive dead cat bounce or do we break down to take out more lows. I believe RSI is looking pretty bearsih on 4 hour. But i do not dare take a position until after fed announces unless i see a great opportunity. Based on past price action I am leaning toward a short.
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