Reversal? Not yet! Bulls are not done! Bulls & Bears waiting for FOMC and GOOG/MSFT earnings!

Daily Chart
- Further consolidation ongoing above 451/452 and 454
- Price action hanging around MA5 (yellow)
- MA20 coming up to 445 (structural breakout support at 444)
- Likely to stay in range 451 to 456 until afterhours Tues when MSFT/GOOG earnings are out and Wed FOMC

30mins Chart
- Obvious again, buy continuation channel followed by a controlled sell channel and now back on a possible buy continuation channel

Watch
- Watch GOOG/MSFT earnings response
- Wait for FOMC Wednesday

Good luck, all This can go either way!