Post FOMC analysis
All in the video - two options, the stronger is spx to about 4k in the next few days. Good luck!
Nota
2 hr double bottom bull divergences. a move up to 4170 again is possible for the alternate B wave. Above 4120 and it's likely that's what is happening before a larger C down. Nota
next support at 4080 reached, if this breaks then we go lower to 4k. rsi already very oversold, so it may be a choppy day. If they reach 4k today, AAPL earnings may actually lift it up (maybe not as bad as some think) Nota
it does sort of look like an exaggerated head and shoulders pattern on futures, target would be around 4k, maybe slightly under... Nota
the "head and shoulders " could be a wyckoff distribution pattern.school.stockcharts.com/lib/exe/fetch.php?media=market_analysis:the_wyckoff_method:wyckoffdistribution1.png
Nota
no guarantees, but this still looks correct as of now. Will update if I feel something else is going on... Nota
An Alternative here would be we are starting the B wave and AAPL helps push it up into Friday. Either way I think the market sells off into Mid May but it could be a chopfest first. RSI is already oversold so this is a real possibility. Nota
possible channel, watchout for a kickback rally Nota
IF this is an ABC (a big IF), then C has just reached 1:1 of A on spy, possible B rally from here is still possible. Nota
the channel is important for the price. If we move up overnight to 4115, we may come down in a 5th wave to 4000 area. Nota
if we rally from here, a larger head and shoulders may be forming - futures chart. A break of this level and it likely becomes resistance again. AAPL will probably help decide the direction. Nota
weekly 18ma is holding support, under it would be more bearish Nota
A pullback today would make sense, but I think buyers come in. If not I'll update. Green or Orange path is my guess....Nota
we are at the top of the channel here on futures. a pullback is likely but then a rally to 4140 makes sense. The C down (if I'm correct) will start sometime next week. Pattern looks to be forming a head and shoulders. Nota
any pullbacks likely get bought , we have broken above the channel and it's probably now going to be support. Nota
If no pullback then we are in a C of B and the market just grinds up for the day. It would likely be a bull trap then. Nota
SPY target may be slightly above 412.20 for BNota
Nota
QQQ at possible resistance zone, watch for intraday reversal in this area or slightly higher. If they sell it and get down to the lows of the day by close, Monday will be ugly. Nota
I'm thinking we have a little farther to go, but I'm not sure so I'm collecting shorts slowly during the day. Nota
triangle for 4 looks correct, I expect one more high unless this breaks down. Nota
resistance here but it could go up monday to fill that gap.... Nota
futures also at resistance here but another stab at 4180 by monday is very possible. still a B wave imoNota
something like this would get the 4hr rsi to better levels for a sell off, but there's no guarantee it's going to happen. 
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