Operation Twist Sinks The Markets

The initial move after the Fed meeting was up and then a sell off. Today was a continuation of that sell off so I believe that to be the true reaction to the news. The markets will likely remain under pressure for the next couple of weeks now that we have a catalyst.

If you weren't short prior to today I would wait for a bounce but we may not get it. Chasing is never a good strategy. I held all my market etf's (DIA QQQ) today that I was short.

Invalidated diamond breakout (quite bearish)