SPDR S&P 500 (SPY)

[imiloa]

re: "stick to the pattern? big up, big down"

doesn't look like it so far.
SSE up a bit more today.
S&P futures +18 to 1984.

still a few hours left in Chinese trading
and plenty of hours until US markets open.

but looks like bulls will be in control again today.

of course, a rally over 200 makes it even more likely the fed will raise the rate.
(wage pressure + inflation concern + markets rising back to prior strata)
doesn't favor a can kick.

and, with high corporate carry trade debt,
a rate rise will weigh on the markets anew.

so seems likely a rise over 200
will lead to another sell-off before 17th.

just a matter of when...