11am update - market grinding out the bears

US equities see some distinct renewed strength, with the sp'500 breaking into the 1970s. Next target is the 1988 high... then 1993. Rising support will be 1945 at the Tue' close.. and that now looks very secure. Further upside into the 2000s looks a given.. regardless of FOMC decision.


sp'60min

VIX'daily3

Summary

VIX looks set to lose the 20 threshold.. and we could even see a flash-print in the mid teens this Thursday afternoon.
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So... equities are showing some strength, as there simply isn't any sustained downside power (well, except in DIS, and a few others).

I can't short this market at these levels. There is simply VERY serious threat of 2010... or even higher.. by the Friday close.

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RE: DIS. Looking at the daily chart (I'll cover it more later)... DIS is again a likely early warning of market strain.