The kneejerk reaction to the completely unsurprising FOMC statement was down... Which is why the corresponding 12 handle move up in the ES is perfectly understandable... as long as one understands that our market is totally broken. 12 handles in 1 minute as the market went offerless! Have fun with that. As we noted earlier, ignore the record low new home sales number: the algos will not let this market go until they melt it up to some level which Obama believes is sufficiently high to sneak at least 4 or 5 congressmen and senators in at the midterms. Good work computers - once again you have thrown out any marginal homo sapiens investors as anyone who doesn't think in binary has now lost all faith in stocks for good.