The opening gains are starting to fade already, but..it is a fed day, so nothing is even remotely reliable. Lets be clear, we are still holding in what is a bull flag. If Mr Market does like what the Fed has to say, a brief move to 1395/1400 is viable by the close.
sp'60min
Summary
VIX is already green..which is kinda important to note whilst market still holding onto small gains.
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None of the intra-day action is to be trusted until after 3pm.
*notable moves so far... metals getting whacked lower, and FB..still on the slide.
