A final hour pull-back but the trend up is strong, the economy worries will be handled later, and the FED will come in when the SPX goes below 2750 or even before that. But, the FED PUT is there, not priced in fully as yet, but the bulls are comforted by it.
Mexico Tariff is almost a non-event --- why will a 5% tariff crash the market? Even so, there might not be any tariff.
China Trade War is the only major worry for the markets but it is now a phony war as they wait each other out and promise to talk, and both Presidents have confessed their true love and friendship for each other (yeah, right)
I will buy any dip below SPX 2800 from now until late September; a few months from now will bring the painful reckoning of a weak economy but let us enjoy the rally while it lasts.
SPX closed above 50ma (blue) Magenta is 200ma, brown in 20ma
NOTE that VIX, blue line below with light blue area chart -- it is a pattern that seems to be similar to that in January 2018.