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The S&P 500 has made all time highs over the last 3 months.

The big question is how the market will react if the Federal Reserve does cut rates. Market pundits have been saying this is a sell the news event, meaning no matter the outcome the stock market will fall some. It would be reasonable to expect a pull back of some kind because the market is near all time highs and be driven higher by expected accommodative monetary policy. The S&P 500 sits near all time highs above a pivotal 3000 point market, which will serve as a support or resistance depending on the broad move in the market after the Fed decision.