Stock futures are flat on FED day.

Here are this mornings reads:

After 6 bone crushing sessions of selling, today started off on a positive note... albeit a brief one.  China  put a bandage on it's wounded stock market overnight, which put a bid under S&P 500 futures.  At the open stocks were higher, but for the first hour of trade those sellers of the six previous sessions smacked the market senseless - sending it into negative territory.  The small cap  $IWM was pounded under the key $120 level... but it wasn't long before dip buyers swooped in and relentlessly rallied the market to a near high of the day close.

In the chat room I noted the propensity for the market since March 2009 to have that  "buy the dip" mentality.  An hour into the trading session prices would methodically find a bottom and start rallying.  That is exactly what happened today.  The bottom was put in precisely one hour into the trading day.