Signals

Short term signal: UP - it will turn down bellow 1784
Intermediate term signal: UP - it will turn down bellow 1776
Comment: No confusion now:) The pullback lasted longer and deeper as expected. The price(SP500) broke bellow the trend line and EMA50 on the hourly chart, but did not trigger sell signals. For a moment I was not sure, but at the end it is just a pullback. Back to the original idea from the weekend pullback and higher high.

If this is the right scenario the next target should be around 1810.

Signals

Short term signal: ? - it will turn down bellow 1780
Intermediate term signal: ? - it will turn down bellow 1760
Comment: FOMC pop and drop no surprise... but now I am confused. I am watching the charts for an hour and I can not decide the first chart or the second one is the real story. The daily chart is more important, but on the other side this move looks corrective especially if you look at the hourly chart of DJIA. If a correction has begun tomorrow should be a strong down day(or very weak positive day).

Clear rejection of this price level combined with divergences....

Corrective move and final push up(not necessary new ATH) before more meaningful move lower?