I thought the TRADE ISSUE was more important as I posted yesterday after the close:
Posted Yesterday, 06:02 PM
It is more about the Trade Talks collapsing rather than the FED miserly 25bps and relatively hawkish FED talk.
I do not see a steep decline but lots of back & filling with a general IT down trend during the next few weeks.
Now, it seems as if SPX can test that 50ma at 2925 but it can go much lower as the market appears vulnerable in a seasonally weak August.
Bearish candle today; this and yesterday's define the ST range TOP & BOTTOM