The 46-pt rally off our downside target on the 18th (2352.72 vs 2354.15) has left SPX with some interesting options. More importantly, it makes an important statement about shifting algo influences — leading to some (IMO) mistaken notions regarding the FOMC’s next steps.
While the USD bounced nicely where expected, the fireworks are far from over — which says a lot about the odds of a rate hike.
continued for members…
Sorry, this content is for members only.Click here to get access.
Already a member? Login below… |