$SPX
Interesting spot to be before FOMC tomorrow.

Rates are expected to remain unchanged, despite what Trump wants Powell to do.

Daily Stochastic still coming down from overbought... but it's curling back up.

@2kaykim's oscillator is curling back up and back above micro-term MAs...

Weekly - hard to deny that the oscillator is slowly rolling over with bearish divergence spotted on the RSI. 21EMA sits at about 585 (which is where the gap fill is).

18th Dec - market dumped because Fed signalled fewer rate cuts in 2025. We are about to see whether this narrative changes (unlikely) and FedWatch CME signals almost certain probability of unchanged rates for tomorrow's meeting.

Could possibly be a case of mismatch in expectations
#SPX