Fed meeting concluded today and blah blah blah. MAn of the year blah blah blah.
SPX still stuck in trading range, today was a NON EVENT for volatilty considering FED WED's usually have multiple gyrations.
The selling isn't there enough yet to fall prices, yet the buying isn't intense enough to break the upper ranges needed for breakout.
VIX is scraping along 20 and should it break down below that higher prices should be coming....but ithas rallied from here before leading to price declines.
SInce March over 8 months ago I think we have had ONE correction of 10%. The market can continue to rally but is vulnerable.....to ANY increase in selling.
SANTA RALLY? running out of time.
D
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