US equity indexes remain negative, but there is still a complete lack of any sig' downside power. VIX is reflective of a market that has little concern in the near term, +1% in the 18s. USD is starting to cool, -0.1% in the DXY 95.30s... and that is no doubt helping Oil hold moderate gains of 0.4% in the $48s.
sp'60min
Summary
From a pure cyclical perspective, the market will be increasingly prone to rally.
With the FOMC min's at 2pm... a break >sp'2000 looks.... probable.
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There remains notable weakness in AAPL
The daily chart is pretty ugly... certainly relative to the broader market.
