Is this our long-lost 5th wave?

We have been waiting patiently for the complement to the 40-handle minor W1 move from 1904 to 1944 on the SPX, which took place over about 1.5 days.

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.