US equities continue to battle upward, with a new cycle high of sp'2105.. a clear break above the 50dma. Indeed, the real issue now is whether we will see a post FOMC reversal... or the gains holding, with a daily close in the sp'2100s. Considering the VIX is already crushed in the 12s... the bulls face a problem.
*the blue candle on the VIX turns red... if it closes red.. it would bode in favour of the equity bears into early/mid August.
little to add... ahead of the Fed.
VIX update from Mr T.
time to see what the cheerleaders on clown finance TV are saying...