First off obviously AAPL was a catalyst,  however Steve first posted this scenario on Monday on the Blog and I discussed it in the Monday's newsletter to be on the lookout for an alternative to all the bears out there showing a H&S pattern where SPX could form a W zig zag bottom, I also sent out a video on it.

Here's the Video

here's Steve's link on the blog

Stockcharts.com LINK

One of my comments on Monday were that everyone sees the H&S pattern and sometimes when too many people see a pattern it doesn't play out.  Everyone and their brother talked about the H&S, I didn't see anyone else showing this.  Also something in the back of my mind always bothered me about the market just selling off, and pushing up isn't really too surprising to me

Obviously we'll see how the rest of the day plays out and FOMC, however if the market holds up, then this scenario is gaining momentum.  Also note that the SPX is near the middle bollinger band, getting back above the middle bollinger band and also getting a positive MACD cross would be quite positive. Again we'll see how it goes today and FOMC, but for now this shows you why you need to think outside the box and also have alternative scenarios.