Fed freaked out just like 1998 and 2007. From my blog last week, here are the charts. What are they afraid of this time that they have to do the same thing?!
Just 25 points, half that of what happened back then. Seasonal weaknesses for this week before the end of year up drift.
The rest of the dumping completed right on schedule. Trading, sometimes, can be this simple. XD If anything, the US stock market should find a bottom this week for the usual year end updrift.
Happy New Year! NQ finding a bottom on Mon/Tue this week, does not matter how, will trap a lot of bears again.
How interesting the bottom is 100% expansion of the prior week's range following STOPD precisely for both NQ and ES? The fight to control previous year close zone will be fierce this week.