The Yellen rally is gone, we’ve just tested the FOMC lows, a place the Indices have to hold.
Nasd 100…4335.75 is the next set of sell stops. The FOMC low.
Both the Nasd 100 & Spu’s need to hold these last lows.
Realize vols were low yesterday and no one has bought portfolio insurance which has exaggerated this move.