SPY close analysis, 5/2/2023 -- Bears made their move

Bears showed up as per yesterday's confirmation (see related post) and we found support just below 409. That's a bit deeper than I expected today but well within a pullback threshold.

Tomorrow is interest rate decision. It's a total lotto guess where things will go from here: *gaps at 405 and 415 both beg to be filled*. The initial move will most likely wick into one zone and be the *false* move with the follow-up *real* move in the opposite direction. My long term bias is still bullish-leaning into the 420's.