What if this growth stock correction is not a healthy, buyable one-- and we reject that view and think the other way. What if this is a secular, or multi-year shift, not a cyclical one.

Something to watch today - ARKK and how it closes. If it closes weak, that will be the lowest close so far in this down cycle and not a good sign.

 

About markets action on the FED day and a few days after that.

Day one; on the FED day there will be Over-Reaction.

Day two; there is usually Reaction-to-day-one-action.

Day three;  action is the best indication on how participants digested the news

"When market is bottoming, the best stocks make their lows ahead of the absolute low in the market averages. As the broader market averages make lower lows during the last leg down, the leaders diverge and make higher lows."

Anything can happen, but odds of a rate hike this week are incredibly low as it would probably sink stonks 25% in a week and that's obviously not happening.