In the end, we experienced pretty nice volatility, even though it didn't look like it at the start. And what am I actually talking about?

After the announcement of the interest rate hike, yesterday at 8 p.m., markets were calm. Everyone expected the hike and it was already priced in.

The subsequent press conference, which started at 8:30 p.m., sent markets significantly lower. The S&P 500 index was down 0.8% at one point. The day closed with a loss of half a percent.

The central bank chairman Kewin Warsh said he will deliver price stability. He won't give in to Trump, won't give in to higher mortgages, etc. And simply will continue raising rates if the committee deems it appropriate. That's not what markets wanted to hear at all.

But looking at futures this morning, indices are back. Overnight, S&P adds 0.6%. So it hasn't fully recovered yesterday's top, but the market is refusing lower prices for now. We'll see where we get by the end of the week. Key support remains at 7,600 points.

If you're interested in why exactly there, join today's Bulios stream at 7 p.m. where we'll discuss technical analysis.