Back into the Blender

The Fed's very soft and cuddly stance on the economy seems to have gone over well with traders, we have positive divergences from 1-15 minute which formed quickly. Remember my earlier warning that the initial reaction is almost always the wrong reaction. Later tonight I'll show you some charts that seem to indicate the news may have been out before it was "out".

In my view, this still changes nothing and I'll elaborate later tonight.