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Originally Posted by coolhand

Today, the market gave us a mixed close, with the S&P advancing and the DWCPF pulling back. Neither were big moves.




So we can see that price pushed past resistance on the S&P, while it was rejected on the DWCPF. Momentum is still more or less flat on the S&P, but hinting at turning down on the DWCPF. I'd take it with a grain of salt right now.

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A late push lower sent the major stock indices to slight to modest losses after the Fed's release of their policy statement sent them to new highs earlier in the day. The Dow ended the day down 165-points, or 0.48%, which was the worst of the bunch, while the S&P (C-fund) and small caps (S-fund) were down just slightly.

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