Dave FairTex wrote: "After these last two days, I have to ask: does anyone see the fingerprints of a all-powerful "plunge protection team" in operation? How about the Fed buying e-mini futures on the sly to keep the market propped up? Look at the chart below and tell me who you think was in control. I'll tell you who I think was in charge: Mr Market was in charge, and the direction Mr Market wanted to go was down, and so down we went. If the PPT jumped in there – it simply didn't matter. These are some of the nastiest red candles you can see. From where I sit, that's a lotta plunge, and no protection that I could see."
Is the FED finally going to allow the Market to seek it's own level? No. That is just not what they do.