11am update - minor weakness

US indexes remain moderately weak, but so far..the equity bulls are holding first zone of support in the low sp'1940s. A daily close in the 1930s still looks unlikely until after the next FOMC. VIX is clawing higher, +4%, but still in the lowly 11s.


sp'60min

Summary

*yes..stockcharts has missing intraday data from yesterday. That has naturally skewed all the MAs, etc.
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So...we're lower, but really, this is nothing. The only solace for the bears is that there isn't any sig' QE until next Monday.

Considering the recent price action..and current structure, I'm guessing we hold around these levels, before resuming higher tomorrow/Friday.