S&P (INDEXSP:.INX) futures are off four to five handles this morning as the Fed starts its two-day FOMC meeting. Recently the market has seen a stair-step move higher a move that hasn’t seen any real “gut check” type days. For this type of composure to continue traders would like to see S&P 500 ETF (NYSEARCA:SPY) hold $149.30-149.50 hold. The 8-day moving average is now at $149ish.   There are a few factors that make me a bit cautious heading into the next few weeks. We are seeing some high RSI readings and February is a historically bearish month. A retest of SPY $148.11 ...