2pm update - daily cycle bollingers

US equities have built rather significant gains, with the market making a play for a daily close in the sp'1980s. It is notable that the upper daily bollinger is (naturally) collapsing.. now at sp'2073.. and will likely be around 2040 by end week. The bull maniacs face a problem once the initial FOMC hysteria is out of the way.


sp'daily5

VIX'daily3

Summary

*naturally, the VIX remains in cooling mode, sub 20s look an easy target for this Thursday afternoon.
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So.. we're still climbing... certainly stronger than I was expecting.

It makes the notion of breaking under rising support (1945 at the close) completely implausible.

Indeed.. we look headed for the 2000s...  it remains a case of lets see how high the maniacs can drive it on the FOMC.
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2.02pm

notable weakness, DIS -0.6% in the $103s...  but well above the early low of $101.82

Oil has turned red.. USO -0.1%...  hmm


2.32pm.. Oil back +1.0%...   crazy market... real twitchy ahead of the FOMC.