Here is an hourly chart of the December S&P e-mini futures. I last commented on this market here.
After the Fed news the market moved to within 1/2 point of the 1390 resistance level. It then droped 8 points, just a tad more than the two previous 6 - 7 point reactions I have highlighted in blue. I think the S&P's will rally from here to 1392 or so before dropping at least to 1379 and possibly to 1365.
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