SPY

The market is looking forward to today's interest-rate decision from the Federal Reserve, which should bring the rate to a range to 3.75%-4%.

The symmetrical triangle pattern is defined by a descending resistance level and an ascending support level.

If we get a bounce here, I will be looking to sell short into the rally for a final leg lower to the 3,300 area on the S&P.

After Fed Chairman Jerome Powell made aggressive statements regarding a path of more interest rate hikes, the indexes sold off hard.