Fed Blues

We all "knew" (high odds) that the red bar was coming.  And once the fed announcement up push could not muster anything more than a peak above the 5 minute swing high, they liquidated it lower.
But liquidation bars in a market like this are buy program bait. And the market closed to re-trace the entire bar.

So tomorrow we watch out for more downside, but instantly forget such a notion if the programs are buying-inclined.

Fed Crack is the ultimate drug.

We really like our stock charts of the day.  Now that is one powerful pattern!