Quote from dtrader98:
Firstly, explodes upwards on relief news (due to supposed relief of no rate hike, even though that was supposedly already factored in today's rally). Then pulls back hard on reality of no rate cut (true expectation), and heads back down.
Suspect Qs will peak near 43.8-44 before trending back down.
There, that's my coin flip. Oh and here's two headlines ready for press: pick one
1) Market soars on no rate hike.
2) Market ignores steady rate news as fears on _______ resurfaces.
Looks like orcl is going to push it to 44 area sooner than i expected, although I still stick to that scenario.