US equities are holding just above the sp'2100 threshold... with VIX in the 12.75/13.25 zone. From a pure cyclical perspective, the hourly equity/VIX cycle favours the equity bears. Clearly, a daily close back under the 50dma of 2100 is important... along with VIX 13/14s.
...little to add.
*for the record, I still think we will see some equity weakness after the fed press release.. and into the close.
back.. just before the Fed announcement.