12pm update - holding pattern

US equities are naturally in a holding pattern.. although the market is clearly teasing the bulls, coming close to the big sp'2K threshold. VIX is subdued in the 22/21s.. and looks set to lose the threshold.. whether this afternoon, or within a few days.


sp'daily5

VIX'daily3

Summary

Little to add.

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Oil remains an interesting one to watch...

USO' 15min

Increasingly, it looks like the $14.90s will be viable this afternoon. If so.. I'll strongly consider AFTER the Fed announcement.
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VIX update from Mr T.



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time for tea :)