The Apple Event and Jamie Dimon's Bitcoin Bashing Were Not the Real Stories Today

No, the real story is likely that Treasuries (first daily chart, below of TLT ETF) staged a false breakout and reversed down from well-defined resistance on heavy sell volume (meaning rates are going up), while regional banks (second chart, below, of KRE ETF daily timeframe) just staged a false breakdown, reversing higher on heavy buy volume. 

The reason why this seems to be key is that regional banks tend to do better with higher rates, at least initially, which is confirmed with TLT moving lower. 

Now, the issue is whether The Fed was planning on raising rates, which many seem to think they are and will not. But what if the market is pushing back on them? Food for thought into the bell.

Either way, the regional banks have gone higher on increasing buy volume the last three session and may have caught shorts in the hole, trapped.