So TWICE the FEDS have acted AT (or reacted TO) the DOW 17,500 Level.... Once, on December 16th 2015 - See bottom chart in the post this replies to (by raising interest rates by 1/4 percent) http://investorshub.advfn.com/boards/read_msg.aspx?message_id=122634332 And again on April 7th 2016 (by releasing their dovish March meeting minutes) http://www.wsj.com/articles/fomc-minutes-show-fed-officials-leaning-against-rate-rise-in-april-1459966178 investorshub.advfn.com/uimage/uploads/2016/5/14/ocnkhindu_my_13_2yr_FEDS_17-5_REACTIONS.jpg investorshub.advfn.com/uimage/uploads/2016/5/14/xtygwindu_my_13_10d_17-5_drop_to.jpg And both times the markets went totally bonkers. .