Today, hourly $SPX charts also signaled that this recent short term uptrend had ended (with the exception of one indicator). On the daily charts, $SPX remains negative, along with the other major indices.
Having said that, the next few days are critical for the market, as the news from the FED and GDP will likely to influence what happens next.
For example, we may be dealing with the beginning of a new mid-term down trend with deep targets on the $SPX, or if the markets turn positive tomorrow, the beginning of a new uptrend worth 140 points on the $SPX.
In other words, we need to wait 1-2 days to see what happens.
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