It's time to look at key levels of the S&P 500 for buy and sell signals. 

The S&P500 has been volatile lately. Following the big sell-off from 2188.00 resistance, we are taking a more neutral stance as price was unable to stage a strong recovery last week. We will stay in "hurry up and wait mode" for now and wait for a long signal from support a short signal from resistance.

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How the market reacts to this week's Federal Reserve meeting and apparent terrorist attacks in New York, New Jersey and Minnessota could be telling. 

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This article is commentary by an independent contributor. At the time of publication, the author held no positions in the stocks mentioned.