1pm update - still holding above 1826

A minor down wave from sp'1847 to 1834, and no doubt some will be getting overly excited ahead of the Fed press release. There is soft support in the 1830/26 zone, and recent price action offers next to no hope of any break lower. VIX is higher, but much of the gain is arguably technical (Feb opex).


sp'60min

Summary

*metals will be interesting to watch post fed minutes. Gold is currently -$2.
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Not much to add, on what is a pretty quiet day.

It'd seem the mainstream is merely waiting for the headline indexes - Dow/SP' to break new highs, to again confirm that 'all is well'.

Again, its notable that the Nasdaq has already broken well above the January high, equivalent to sp'1870s.