People seems to be all ramped up from this "Debt non-event" so much that maybe it is an event, just 'cuz.
We have sold off plenty of this nature, percent fall, just in the last rally.
But we did break the uptrend line from March 2009 lows, Hank's 666. So maybe this does matter.
It won't matter until it does.
The recent 6 month Head and Shoulders was also broke, but that has happened in the past, and they were both incredible bear traps---fail by 4% and then ramp steeply and relentlessly. This one failed by more like 3%.
