The following video provides technical analysis of the major stock indices following today’s FOMC rate hike.

Very near-term, it looks like one final bounce off this uptrend line is likely before /NQ & QQQ break below it, triggering an objective short entry or add-on (unsure of how high the bounce will be although I suspect only a minor bounce). 60-minute charts below.

QQQ 60m Dec 14th

QQQ 60m Dec 14th

NQ 60m Dec 14th

NQ 60m Dec 14th