“It was a tale of two days, really," quipped Schaeffer's Senior Technical Strategist Ryan Detrick, CMT, of today's session, as the Dow Jones Industrial Average (DJI) explored a range of nearly 300 points before settling with a 0.5% loss yesterday.

"The morning started off great, as Fed Chairman Ben Bernanke's testimony before Congress showed he was comfortable with things.

Then the Fed minutes came out in the afternoon, and things weren't quite as clear ...

Fed members seem to disagree on just how soon to slow the asset purchases. Traders were left dazed and confused in the span of just a few hours.

Uncertainty leads to selling, and that is what we got."

The selling is carrying over to this morning with the Japanese Stock Market losing 7%!

Bringing The Pieces Together