The charts, being a market-hours-only account of the action, hide the tremendous drama seen in the last overnight session, when S&P 500 futures (/ES) first swooned from a close near 1115 to below 1080, only to rocket to a hair below 1150 a few hours later, all while North America slept.
At the moment, markets remain poised for a major Fed announcement, which some hope will bear revelations of QE3.
S&P 500 (SPX), 5-minute bars:
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgtF1xpASWd8LwVGnbBTfBjDiakjoNQW_EKC4v97u14cY9GQy88V1saERIZ9LkaYzyV8YLyCF_8XaKOHAK2Uhv7GpkjE48mUq8hwVSQnLwJ8WXxGxilSIE7X_SkzmhyphenhyphenitRScGCnTw5mp5Q/s400/SPX+5+min.jpg)
DJIA (DJX), 5-minute bars:
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiL3iFLMQQMzoK7q1fK3HgnlQtSjfbB7dUUq7u44YKibSt-uuGPHZ1ucW6ZzOk4CvjKooEZn0JLnB0rL_G9OkIc-JgjJBRydntJJD7aWnvqUe99nmxo2UFZF0eMnF4tEc__X-2IMcJ1fOA/s400/DJX+5+min.jpg)
NASDAQ (COMP), 5-minute bars:
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgElAw1P513ryH75VhzuL8taWgGUrhi7JI6ulT0-O4C7mGXMhuNGwd0s5a5JiZsBQg_IUUY0D3pxZ5wHxar9NmaWXm9wTX_-3YWF__Frwdjtet8e7Ib67ktC6P9EfSsR4wc59_amlBzq1Q/s400/COMP+5+min.jpg)
Russell 2000 (RUT), 5-minute bars:
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEikdxRHgBjBWmssr9CzHP39WLD0YmaBhrA-8nicRJKVrJqYxDvVQIhbgKwIsmTvUoqleQrP6CbotWn7wFvxmn_nMpI-iHeA9oiwyhowawVf4oFAJ5rGXsvUAjtl94ncoNZv5HRaWeY_fj0/s400/RUT+5+min.jpg)
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