US futures higher after stocks eventually balked at 0.50% Fed cut-check out the S+P 500

Yesterday the Dow Jones did it again, but this time from a technical perspective, it was joined by the S+P 500. Both the Dow and the S+P lifted after the Fed cut rates by 0.50% and both set new all time highs. In the case of the S+P 500 that was as noted at the time, at 5,689.75. The fall that followed into the US close saw it drop back to 5,615,08, before later closing 16 points lower on the day, at 5,618.26. That was another of those outside day reversals and one which we saw just the day before on the Dow. In fact, the Dow repeated that performance again yesterday, from another all time high too. However, and despite the technically negative bent of both, the futures have rebounded this morning. So, right now the S+P 500 is priced to open markedly higher later on. Maybe the price action yesterday was just an example of Buy the rumour Sell the fact? Otherwise, it all looks rather confusing. The S+P is right now priced to reopen at around 5,672