sp'15min
Summary
Without getting lost in the minor noise (it remains a tough battle)... we have a micro bull flag on the 5/15min cycles.
A high chance of at least briefly breaking into the 1980s.
Yet...market will likely move into super churn mode tomorrow...when the FOMC meeting begins.
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A definitive break out of the 1990/50 zone looks unlikely until at least Wednesday..but more likely... Friday.
Notable weakness: Oil/gas drillers, SDRL -2.7%
1.43pm... stupid spike.... nasty market.... sp'1980s... bears being routed out.
Baby bull flag.... confirmed.... VIX red.