S&P 500 Price Forecast – Stock Markets Undulate Heading Towards FOMC

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The S&P 500 has rallied a bit during the course of the trading session on Wednesday to reach towards the previous uptrend line, which is an area that will of course offer a lot of attention to this market. The 50 day EMA is starting to slope lower and is sitting just above the uptrend line. With that being the case, the market is showing signs of recovery, but we need to get a daily close above the 50 day EMA in order to get a move to the upside really going.S&P 500 Video 23.09.21There is a huge amount of interest in the Wednesday FOMC statement, but quite frankly it is very unlikely that the Federal Reserve will do anything of consequence. That being the case, then it is very interesting to see that we are sitting in an area that could lead to lower pricing, but right now we are slowly grinding in order to make a bigger move. We need to see some type of an impulsive candlestick either below the Monday candlestick or above the 50 day EMA to put money to work.If we do b
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