As I stated earlier, the low for the next few weeks/months was set in the gap down on Tuesday.
When the FED starts cutting rates you have to buy buy buy on the stockmarket. The FED is able to flood the market (and companies) with money / liquidity.
Never underestimate the power of the FED. When they cut interest rates with 75 basis points that Monday, stocks should be BOUGHT not sold. That was a clear "AL GO' buy signal.
People that were selling back then, shouldn't be investing in the stockmarket. They should try to play some video games and have a savings account.
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