SPX EOD

Oh a fed day when the market whips you around more times then Michael Fay (very old school reference)

One thing the market did do was respect its channel that it is now underneath.  It touched the underside of that trendline and bounced back down.

The 992-992 level is still very strong support for this market.  This is the 200EMA of the SPX monthly chart.  On the same chart, the 200MA is acting as resistance at 1016. 
Here is the support of the 992 on the daily chart, it has held for the past few days

The market is also working its overbought condition via choping around in a range, this chop may be similar to the June highs. 
Also watch the SPX broadening top pattern: