Frankly, the bears really need the market to close under sp'1450 today., which currently looks unlikely Anything over that, and its suggestive of maybe a further few up days in the 1455/65 range.
sp'daily5
sp'60min
vix'60min
Summary
Well, Fed days are often stomach churning, and this one is certainly pretty intense. The move into the 1460s is a somewhat disturbing thing to see.
VIX fails to hold the recent low of 14.00, although it might just be a spiky floor.
I will hold short, and my first target is sp'1420, end month.
More after the close