The rebound was weak as the Issue Advancing to Declining ratio is 1 meaning for 1 stock up there’s another stock down. Moreover, ChiOsc below is a little bit too high, so I expect to see some weakness at least tomorrow morning.
Let’s see what kind of post Fed day pattern plays out this time. Right now, I have no idea.
The bottom line, that endless free money fueling the 2009 rally seems drying up. Have you noticed how liquidity flows made a higher high long before the stock market made its first higher high? And now it made a lower low while the stock is still much far away of making its first lower low. Will it lead again? We’ll see.
