S&P: Channel Down towards 2500.

Since the price crossed the 2,603 1D Support last week, it has developed a Channel Down on 4H (RSI = 35.405, MACD = -23.590, Highs/Lows = -14.5707). According to its High/ Low sequence we can project that the next Lower Low will be completed on a -6.85% decline, i.e. 2,506.50. Use this technical suggestion with extreme caution however as the Fed Interest Decision tomorrow and the statement to follow, may largely unsettle any technical pattern.






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