The big story of yesterday was the Fed minutes, which showed that the Fed hesitates to increase rates. This was enough to help the US$ down against all other currencies as the rates differentials slightly reverted down.
In itself, this should have been equities negative. This was hardly the case yesterday: the NQ8/NQ100 attracted money.
The Cumulative tick was however range bound - which should have been expected during a quiet trading day.
The only negative was the Vix Futures which started attracting some buyers.
Conclusions:
If we only look at historical patterns, early next week should be equities negative. This hence tells us that tomorrow could be an opportunity to trade short for a two days market dip.
I'll be out in the coming days. Next comment will be next Tuesday.
