SPDR S&P 500 (SPY)

[risk on]

Yes, SSE Just took a death dive to open the second half of today, and futures rose from lows. Spy no longer cares about the facade of a " market " known as Shanghai. Nor does spy care about Nikkie . Dax and Ftse showed this am they dont really care either. It's all about the fed, and Yellen has to satiate her benefactor , the guy who appointed her. The guy who cares more about his legacy than anything right now, meaning there's no way on earth he wants a crash on his jacket. Those presidents who do ( not many ) are not remembered well throughout history. In short be listening for doves tomorrow, not the band, but hints at Easing, and the Fed has the perfect excuse to do so without going back on its word, " global Economic slowdown that did not seem as bad as current when we issued the rate increase in December. In short, things change, and our mandate is to ensure US growth , so this is what we are going to do...." Anyone that thinks the feds statement tomorrow will spell out 4 certain rate increases , will be in the minority. The fed does that, and you can kiss this chit goodbye, and There goes your legacy el preezy, you appointed her.