sp'60min
VIX'60min
Summary
It is notable that from a pure cyclical perspective, the hourly setup will favour the bears this afternoon.
Of course.. it is fed day, and arguably, normal rules could be over-ridden by the decision from PRINT HQ.
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notable opening reversal
DIS, daily
The opening black-fail candle sure ain't pretty. Ironically, far from leading the market higher, DIS is warning of trouble right now. However, I continue to like X-wings. If the market breaks into the sp'2100s by late Friday, I would imagine $119/120 is just about possible.
Clearly though... a strong initial rejection from the gap zone of 115/117.
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time for some sun... and to shop.
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10.31am.. Oil inventory surplus 4.8 million.... Oil reacts.. -1.8%
Equities cooling... with DIS set to turn red. Hmmm