2pm update - chop chop

US equities remain in minor chop mode... as the market seems more than capable of holding rising support.. into the coming FOMC this Thursday afternoon. There remains very high threat the market will want to sweep out the equity bears before the next opportunity of a major down wave.


sp'60min

Summary

Little to add.

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*Oil making a vain attempt to rally from earlier lows. It would seem first real chance of Oil breaking higher is the next EIA report this Wed'... and then perhaps to gain extra help after a market hyper-ramp this Thursday.

I hold a micro USO-long position... so I am not particularly rattled at the ongoing weakness. I can wait.