Squirrelly trading after the FOMC announcement.   Looks like real money is on vacation and traders just flipping with each other.   No big sellers and shorts forced to cover

Headlines out of Europe show a little more flexibility from Germany on sovereign bond buying, but no doubt will come with strings attached — i.e,  structural reform and fiscal consolidation.   Probably enough though to keep the market bid until the EU summit.

(click here if chart is not observable)