Mid-session Outlook(20-06-2013)
As such no negative announcement by FOMC but over reaction and panic like situation in all Global markets. Let sentiment cool down then market will catch its direction but 200-Day EMA broken down with force after gap down opening and almost confirmation of entering into Bear phase and emergence more down moves possibilities.
It should be kept in mind that buying in such type of market is like catching falling knife and resultant hand full of one's own blood therefore long positions should be created after complete consolidations.