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...