12pm update - the chop continues

US equities remain in chop mode... but increasingly leaning on the more bullish side. Indeed, with a FOMC minutes press release due at 2pm, the market will have the excuse to break into the sp'2000s this afternoon... opening the door to the 2040/60 zone.


sp'60min

VIX'60min

Summary

Little to add.

Unlike the last FOMC minutes release (when sp' peaked @ 2020)... I'd guess we see renewed upside this afternoon.

Cyclically.. we're due to push higher later today.

First soft target is the 2010/15 zone.
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VIX update from Mr T.




--
time for tea