The ‘Epic Unwind' can be irregular and impacted by more than the FOMC's rate decision of course. The events in New York, New Jersey, Minnesota and Syria… all remind us of the tenacious status of stability in the world today. When the majority of people, regardless of political views (here and abroad), feel a sense of ‘angst' or more; you know there's something wrong; as most people are normally focused on their daily lives of course, and not often frazzled by global financial or other inputs.

There is no need to again repeat or try to debate what the Fed will or won't do on Wednesday; which is a topic everyone has a view about, but nobody knows (even the Fed itself is likely insecure regardless of which way they go). 
 

I think the stories about Russia running ‘out of cash' (32 billion reserves is ludicrous and not just due to oil prices, though that's the largest part of it), should not calm a cynical politician who thinks that will tame Putin's increasingly military buildup. For that matter history suggests the opposite when nations come under such pressure. And that's why (not that I care for either personality) Putin probably believes Trump would be more inclined toward a reconciliation with Russia over Ukraine, Crimea as well as other issues; and I touch on this in the video. 

A ‘train' of mediocre economic data likely contributed to the market's rebound if one wants a reason. However it was triggered primarily by an aversion to probing a ‘vacuum' as I term it underlying the recent lows; plus it's Quarterly Expiration.
 

The idea remains that this market (or the factors that levitated it) is a ‘ticking time bomb', that's not going to survive this time-zone intact. Yes, there are arguments of a Fed on-hold because of the data; or for that matter politics (as Trump believes). I think the impact of the FOMC moving or not moving, will have a response outlined in the video; and either way sets-up an ensuing continuation of market purges.