3pm update - closing hour short stop cascade?

There is no question that the algo-bots will be wanting to trigger as many of the bears short-stops as possible. A break >sp'1563 could trigger a cascade higher, with sp'1570s by the close. The VIX is 14% lower, and in real danger of closing in the 11s.


sp'60min

vix'60min

Summary

Market is just a few points from breaking the recent 1563 high...I'm guessing it WILL be broken above.
--

Oil has battled back higher as expected. Its somewhat frustrating to see gains I 'could have had', but trading on Fed days..fraught with instability.
--

UPDATE 3.25pm... sp'1559...so far...having a little trouble taking out that high. Maybe have to wait until a Thursday gap over?

--
back after the close