MINDING THE GAP

Equity futures way down as folks re think the FED announcement from yesterday- ES -17.5, NQ-29 and YM -141.

In addition, major indexes will likely fall under their longer term moving averages as the SPX probably opens near 1107- down about 14 from yesterday's close.The SMA 50 still lends some support in the 1088 area.

Overseas markets down about as much s our futures with CAC 40 - 1.75%, FTSE -1.50%, and DAX -1.71%.

RSI 2 levels on the ES/NQ futures hovering near the 8 level.

Gold trading near 1208 and the Ten year rate lower again at 2.72%.

I expect the dip to get bought fairly quickly - but a gap fill - probably not.