The S&P 500's Bearish Setup Just Failed. Now What?

The S&P 500’s bearish setup failed after the Fed, and a new bullish pattern is forming near the highs. The rebound has already changed the pattern picture. XLK has broken out of a smaller bullish formation, while XLC and XLY are still working to turn recent strength into sustained follow-through. Bitcoin adds another piece to that shift, with resistance levels that repeatedly stopped rallies earlier in 2026 now being cleared. Frank then looks at whether energy can hold its broader uptrend as growth leadership strengthens, and whether TLT can finally turn a bounce into something more durable after several failed attempts.
The video was originally published on September 23, 2026.
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