Knee Jerk...

The difficult thing about today is the fact is we see these knee jerk reactions so often when it comes to F_E_D events that it's hard to say this isn't a knee-jerk reaction, however at the same time, the 3-day head fake move that saw the transition from stage to stage 4 decline start Monday is exactly what we expected from the 10/9 cycle, so this move, if a knee jerk is in line with what we expected from the 4 stages of the cycle, the 4th stage "Decline".

The assets that will likely show something first will be QE assets, the $USD is one and may be starting to show something. The market can do a whole range of things so a knee jerk and a stage 4 decline can both exist with a slight difference in timing/trend.

Interesting that there was a positive divegrence in the $USD just before the minutes! The negative isn't so much what I'm looking at because it's only 1 min, it's the change in character of the price trend.