1pm update - moderate upside across the afternoon

It appears we do have an intraday floor of sp'1777, and we're now set for some moderate upside chop across the afternoon. A daily close >1790 will be difficult..but regardless, a break <1772 looks very unlikely. Metals remain weak, Gold -$9


Sp'60min

Summary

Looks like a standard spike-floor hourly candle in the last hour, and we're now headed somewhat upward.

Certainly, no sig' moves until the FOMC is out of the way.

No doubt, some out there are still clamoring for a move to the 50 day MA..currently 1765, but that will be 1770 by Friday.


1.26pm.. VIX looks toppy, set to go red in the next 30-60mins.

Anyway...everyone is mostly just sitting back..and waiting for the fed tomorrow.
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Notable mover...TSLA

I'd still guess this momo stock has serious issues...its now in the prime re-short zone.