The stock market reacted mildly to the Fed announcement, the S&P 500 challenged the resistance at 3050. Earnings release are supporting prices and the bull market is still well entrenched with strong internal momentum as measured by our various oscillators measuring the advance/decline line. Short term, a kind of correction/consolidation down to the support area around 2980-3000 would be more than welcome to set up the necessary conditions for a strong year end’s rally. Most of the daily and weekly sentiment indicators are neutral.