What we have is either
1) an a-b-c corrective wave up (of larger wave down),
OR
2) a new 1-2-3 wave structure up.
There is no way to tell which one it is right now - we have to wait for next week.
It just happens that the FED meeting will take next week, and depending on their decision and market perception, the market will either go down impulsively, or after a few days of uncertainty, resuming going up towards 1,750 on $SPX, making a new all-time high.
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