sp'60min
Summary
...standing by.
If the market wants to cause max initial confusion it'll spike to 2095/2100... before a very sharp reversal.
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*frequent updates... across the rest of today.
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2.02pm.. CRAZY ass VIX.. smacked to 13.50.... then rebounds...
So.. no rate increase of course.... and the market is moderately weak.
Now its a case of what the Yellen says....
2.06pm. metals are leaning higher... Gold +$7.. with Silver +0.7%.. Miners are naturally following, GDX +0.6%
2.21pm.. so.. there will NOT be a press' conf... as there was one at the March meeting.. and I failed to check.
Urghhh. Annoying.
2.23pm... sp'60min
A move to 2095/2100 zone almost hit already.... but without a press conf'.. other than pure cyclical reasons.. no reason to cool until tomorrow.
Price structure is arguably becoming a big bear flag... and as things are... a break <2060 looks out of range by the weekend.
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2.28pm.. so.. next event are momo earnings from FB.. and the more balanced EBAY.
Q1 GDP tomorrow morning.. which I think I'm right about.. but maybe I need someone to confirm it.. as I couldn't even recall the fact that there was a press' conf' at the March FOMC.
2.35pm.. tedious micro chop... bulls will struggle to break to 2095/2100 tomorrow morning... today is likely their best chance.