The SPX is trading within a Broadening Top near the Demand Line of the pattern, aligning with the 0.618 Retrace after developing a Bullish 5-0 Harmonic Wave Structure. If it plays out we should get a Higher High within the range, which could take us to the Fibonacci Extensions above the current highs.
Trade closed: target reached
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1.272 hit, I'm taking profit and waiting for further developments after the FOMC before considering repositioning or even MAYBE trading it the other way.