Today was a quad witching day on the equity markets.
Stocks continued to sell off on disappointment that the Fed did exactly what everyone thought that they would do.
I think with the options expiration the punters got caught offsides, and the sharks who have the advantage of a much clearer vision of who has what in their hands were determined to take the markets down no matter what the Fed would have done.
After all it's a quad witch, and the smaller fish were schooling in the options and ETFs.
Remember to love the ones you can, while you can.
Have a pleasant weekend.
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