Fed’s Plan to End QE Sooner Than Expected Hits S&P 500 — Now What?

Gapping higher on the day gives us a new plan.

Danny’s View 

I am not 100% sure, but it looks like the ES is trying to stage a rally. The mutual fund and ETFs have been heavy sellers on the close the last two sessions of November, but sometimes the money gets put back to work on the first few trading days of the new month — in this case, December. 

If that’s the case, the ES has a clear shot at 4630 t…