It took 24 hours for Mr Market to react to the Fed announcement and it is only Thursday that the stock market celebrated a possible easing of the US monetary policy. Sell the news? This is the question after a swift rally over the last few weeks. The market has reached the area we forecasted and it may continue to act as a resistance zone if the market is entrenched in a trading range over the summer. We haven’t noticed any solid signs of speculation yet although the model is back to a strong neutral reading around 60. Our scenario calls for a period of consolidation/correction with an objective of 2880-2900, the next two weeks will give the answer…