Fed’s comments were perceived as dovish, i.e.- bullish for equities resulting in an impulsive breakout above the downtrend line & firming up the divergences with the 1st likely reaction here at the SPY 429.50 & QQQ 330 resistance levels. More details in the video that was just published, 60-minute charts below.
QQQ 60m May 4th
SPY 60m May 4th