SPX and COMPQ: Fed Day

Today is a Fed Day, and charting took longer than expected for some reason, so I'll let the charts and the Fed do the talking today.

First up is COMPQ, for a wider view:

SPX so far bounced right at its blue trend line:

In conclusion, both options remain open for now, but COMPQ does tend to suggest that if the recent low breaks, the move from COMPQ's high at 20.1K to the next low will need to be a five wave decline (either as a C-wave or worse).  We'll see if the market still cares what the Fed has to say in the meantime.  Trade safe.