SPY higher time-frame trend is , but up against all time highs. Historically the reaction to FOMC data, over the last 12 months, has sparked a significantly market reaction. The two areas market on the charts are what I see to be critical support and critical resistance. A strong break of either of these levels would justify a play off of the retest of confirmed support or resistance (depending on which way it breaks). Plan your trade, trade your plan.