17 Sept 2015 - Yellen Be Yellin' WTF

Whatever was said didnt work.  Markets sold off after the FED opened its mouth.  On an EW perspective this was a given, but on a fundamental point of view, the FED either has lost credibility or has market spooked that economy is weak and holding is confirming it.

Either way, none of these results are good.  Sentiment basically said it all today during the last hour of trading.  A bearish engulfing candle is one that can be seen in the hourly.  Another is the 200 MA of the 60min chart which prices did not take and hold.  Instead it pierced it and produced a tail with a close below it, which is can also be considered a reversal candle.

Sentiments remain bearish and so do I.  Im not smart enough to fight the trend...

SEN: Bearish
ST: UP
PA: NA