second standard deviation was at 6177, as in this should have been the high for the day give or take 5 points. It would be borderline crisis or really good news for the ftse to close above the second deviation......given the uncertainty shown by the feds I would not call their backing off of interest rate hikes as good news....just means free money will continue to accelerate the artificial sentiment.
So the continuation of this up move is less 'technically/predictable' driven and more a Relief rally. If this is the case, then Volatility is Too Low. So start selling Out of the money strangles on the feebler/weaker stocks, inside the Footsie. At least you would get paid for Theta element of been 'Short'.