US equity indexes are all in the process of turning positive, with the VIX naturally turning negative. The FOMC statement is likely to placate the market enough to merit a daily close in the sp'1915/25 zone.. along with VIX 20/19s.
*despite another dire inventory surplus.. Oil is +3.5%... and that sure is helping market mood.
Well, even I saw that equity rebound coming.
Now its a case of the market to absorb a Fed press release.. but more so.. a lousy GDP data point this coming Friday morning.
In any case... sp'1940s are due.. and if this drags out into Feb 8-17th - as the weekly cycles are suggestive of, then we'll see 1970s.
VIX update from Mr T.
time for tea :)