"Where such a shift in power is in favor of the governing elite, Power will achieve its murderous potential. It simply waits for an excuse, an event of some sort, an assassination, a massacre in a neighboring country, an attempted coup, a famine, or a natural disaster, to justify the beginning of murder en masse. Most state sponsored murder occurs under the cover of war, revolution, or guerrilla war, or in their aftermath."
R. J. Rummel
20 September 2010
SP 500 and NDX December Futures Daily Charts
It certainly looked like a breakout, at least for today, but it would have been more convincing if the volumes had not remained thin. As such it looked like a short squeeze engineered by the wiseguys ahead of the FOMC meeting.