The markets were down and dirty in the morning to new pullback lows, reaching as low as 1606 on the NDX and 1133 1/2 on the S&P 500, but staged a monster rally in the last hour and exploded for big gains at the close.

The sell-off accelerated to the downside today, following up on the steep drop earlier this week.

It was a wild and volatile session today to say the least, as the indices were all over the place and the FOMC announced their rate decision.

To say the least it was an extremely ugly day and a very negative way to start to the week.

In a nutshell, we had a choppy session that ended narrowly mixed.

The markets had an interesting but generally bullish session. However, the underlying technicals were very mixed, with advance-declines showing negative tendencies.

The day did start out with a gap up. They tried to rally but rolled over and took the S&P 500 to new session lows, but failed to take out last week's low, despite the fact that the Nasdaq 100 did. Then they stair-stepped their way up in a five-way rally that took the indices to new session highs late in the afternoon. In the last hour or so they rolled over after formidable overhead resistance failed to get penetrated.

The stock market had a strong start and another terrible finish and closed at the lows for the day going away with steep losses across the board in a very disappointing session, to say the least.  The lows were taken out on the Nasdaq 100, while the S&P 500 hasn't quite done that yet though will likely be testing the lows early tomorrow.

The markets had a phenomenal early part of the session, gapping up huge. Unfortunately, that was the high for the day. The indices sold off sharply for the rest of the session, and actually took out the Friday lows on the Nasdaq 100 but held way above that on the S&P 500, as the blue chips outperformed today.

The markets had an extremely negative session, with the day starting out with a big gap to the downside.