The market has been like that since August when it gave back its entire summer rally, when it realized the Fed is not done raising rates from its Jackson hole commentary. It seems the market tries to call the bottom each time as it "wishes" or rather " hopes" perhaps the Fed is done this time, only to be disappointed as the rally loses steam once again. Strangely enough the more the market rallies, the more the Fed will have no reason to stop and be convinced that the market can take it.