10am update - here comes Yellen

US equities open moderately higher.. but the early market action is a little shaky. However, the Yellen press release is already out, and the market is clearly not imploding. Equity bulls just need Oil to turn higher today, and that should cement broader upside into next week.


sp'60min

sp'daily5b

Summary

First upside target is the sp'1880/90 zone... a weekly close there looks probable.

Unless 1834 is taken out.... I'm seeking the 1950/70 zone within 7-10 trading days.

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notable weakness... DIS, daily

Unquestionably good earnings... but Mr Market is just still selling it. An underlying sign of the broader downward action.

It is important to note that DIS initially spiked on earnings to $95 in Tuesday AH trading, and that would remain a target on any bounce into next week.
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Well... lets see what Yellen has to say in the Q/A...

... with the EIA oil report at 10.30am