(GET READY) Expected move for FOMC today in SPXSince making all-time highs on December 6, SPX has been consolidating back to the 30 minute 200 moving average and check out the 35 EMA today. We’ve been chopping around that 35 EMA on our trip back to the 30 minute 200MA average and they are right at the same level today. We are at a very critical point. Do we bounce here? Or do we break this 30 minute 200 moving average.
The top of the implied move is at 6095 just underneath that we have a resistance at 6085 when we fill that gap 6015 for tomorrow so 6095, 6115 could be a place to look if you’re looking to sell spreads today on the move
And then underneath us 6005, 5995 those are the two levels at the bottom of the trading range and the one hour 200 average is also there