1pm update - market stuck

Equities are stuck in the resistance zone of the sp'1970s, with VIX -2% in the 15s. A reversal from 1970s to at least 1920s looks viable to begin from Wednesday afternoon. Oil is holding minor gains of 0.3%.


sp'60min

Summary

Little to add.

We're 7.5 trading hours away from the FOMC announcement, there seems little reason for anyone to get involved ahead of it.
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Notable weakness: TWTR, -9.9% in the $43s, despite a minor recovery, it looks set for 40/39.