US equities remain very significantly higher… if a little choppy, ahead of the 2pm FOMC announcement.
sp’60min
VIX’60min
Summary
Little to add. The s/t cyclical setup threatens ‘problems’ after the fed.
Some perspective…
We’re getting stuck around upper trend. Three downside gaps. Price structure is a multi-week/month bullish pennant. An eventual upside break can be expected.
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notable mining ETF: GDX daily
Miners breaking above resistance.
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notable Dow component: DIS
Disney struggling to break and hold above key price threshold. Earnings due next Thurs’ AH.
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notable strength: AAPL
Higher with the main market.
As night has fallen in London, its time for lunch, and to check on the cheerleaders…