The spx rallied as anticipated in the reply of my earlier post. Currently the market is nervy ahead of the fomc meeting announcement. Technically waiting for the announcement then taking a new trade is a better move.
The spx closed 6012 , 8 points lesser than anticipated but it is good enough. The "recovery" may be a result of shortlist covering but still it is a positive sign for the index. Anyway the market may continue to be nervy as fomc starts tonight.
Spx closing is a sign of weakness, suggesting more potential downside as fund may continue to take profit. The observation is true only if the Support at 6099 is broken.