The rallies now don't even last 1 day. The futures are bleeding deep red and the rally ahead of the Fed and the fake out pop in the afternoon was sold within a couple of hours. No capitulation, lots of complacency, hopes for a financials bottom/crude top, there is just too much hope in the market and not enough fear. More grinding lower and lower seen ahead. Watch for S&P 1300 soon and then a bull trap off a dead cat bounce off 1270 level. 1400's are history, we won't see those levels for a long time.