Pre-FOMC Setup: S&P 500 Calm Before the Fed
The S&P 500 has been unusually calm heading into the September Fed meeting. Is the clam a sign of strength or a warning signal?
In this video, Frank Cappelleri takes a technical look at the S&P 500 after a smooth stretch of price action leading into the September FOMC meeting. By comparing today's market behavior with 2020 and 2023–24, Frank explores whether the current calm points to continuation or disruption.
He reviews recent overbought conditions, how bias can skew the interpretation of market moves, and why failed bearish patterns often tell the real story. In addition, Frank walks you through key GoNoGo Trend charts — daily to yearly — and gives a multi-timeframe perspective on the S&P 500.
You’ll also see what recent targets reveal, how momentum is shifting, and the emerging chart patterns that could set up the S&P 500’s next leg.
Follow along for actionable insights on price structure, volatility, and trend signals shaping the market’s path into year-end.
The video originally premiered on September 16, 2025.
You can view previously recorded videos from Frank and other industry experts at this link.
