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Assessment: The big news today initially was regarding how the US Treasury would manage their massive debt load given the current interest rate environment. The announcement did not shake up anything in the markets so far. The next hurdle today will be the Fed announcement at 2pm ET. There isn’t a lot of expectation of some shock that would cause a market catalyst, but of course this even always runs the risk of surprises and the market never handles surprises well. So, a chance for some volatility later.
End of the day, the bulls have the ball, but the lack of conviction in terms of volume supporting this rally is the concern that this will be short lived.
Good luck in your trades!