1pm update - chop ahead of the Fed

Market has naturally slipped into minor chop mode ahead of the Fed beige book at 2pm. Most notable today are the strong gains in WTIC Oil, +2.1%. Those equity bears still clinging to vain hopes of <sp'1800, need to simply...go away.


sp'60min

Summary

Little to add.

Lets see how the market reacts to the Fed book of lies and delusion at 2pm.

Considering the huge amount of QE money sloshing around out there today, and the break into the 1850s..there is little reason why we won't see a further small up wave into the close.
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