Its time for another press release from PRINT HQ, with the latest minutes of the FOMC. With the sp'500 already hitting 2061, just 1pt shy of the 2062/66 gap, we're almost certainly at/close to the high of this bounce from 2042. VIX is naturally in cooling mode, -5% in the 14.50s.
... lets see what the algo-bots make of the latest fedspeak.
On a pure cyclical basis, we shouldn't go any higher than 2066.... and with a clear two hours left of the day, some cooling into the close is arguably due.
2.28pm.. Hmmm.... minor chop.. but leaning a little downward.
A daily close in the 2040s sure would be useful.