1pm update - chop ahead of the Fed

The broader equity market remains in minor chop mode, ahead of the latest FOMC minutes (due 2pm). Hourly equity cycles remain negative, but will offer renewed upside into tomorrow. The USD continues to climb, +0.4% in the DXY 95.60s. Metals remain flat.. and look vulnerable for the remainder of the week.


sp'60min

UUP, daily

Summary

Little to add.... as the market remains in chop mode.

notable weakness, TWTR -2.4%... nothing good about the near term outlook

--
time for lunch.. back for the Fed press release