3pm update - messy day in market land

Despite a snap lower on the latest FOMC minutes, the market saw a corresponding bizarre spike from sp'2073 to 2085. The reason, algo-bots gone wild? Regardless, overall price action remains a mess.. whilst stuck between 2088/2039. Oil remains very weak, -5.7%, close to the big $50 threshold.


sp'60min

USO, 60min

Summary

*I had expected Oil to take at least into early Thursday to hit target buying zone.. but its almost there already! Indeed, a problem for the equity bears will be when Oil floors.. and turns back upward.
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A tricky closing hour to call... the smaller/bigger cycles are conflicting...  and VIX sure isn't showing any upside kick power. Even a daily close in the 15s now looks tricky.
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notable gains, AA, +1.9%.. ahead of earnings.. due at the close.
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3.33pm... Equities remain real choppy...  price action remains especially twitchy... and it seems reasonable to expect some of the rats to sell into the close.

Oil remains weak, -5.2%