1pm update - borderline breakout

Market remains on the edge of breaking back to the upside, with bears seemingly completely powerless again. VIX is melting lower, back into the 16s. Equity bulls should be charging for an extra afternoon push into the mid 1690s..which will turn everything back to bullish.


sp'60min

vix'60min

Summary

Bears are weak..and the VIX is suggestive of a major failure.

Despite the uncertainty of the ongoing shutdown/debt ceiling...market is back to not particularly caring.
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After all, what is clear...even if the debt ceiling is not initially resolved when the time is up...a few days later..it will be....at which point the market will be soaring. As if the US will not just continue to print its way out of every problem.