This morning looks impulsive, and a similar W5 here would time well for a new high right into tomorrow's FOMC. The overall shape up here is a classic broadening-top (megaphone).
After that? The 200 DMA on the SPX lines up nicely with an early-October cycle-low (Bradley, Full Moon etc) turn.
GLTA you crazy kids.
|SPX 09-16 a.m.|