Just as I expected the stock market is back knocking on the door to new highs. My expectation was for the Fed to do nothing. The ECB I really had no idea. But I was looking for a couple of days of mild selling following the Fed statement and then a resumption of the intermediate trend.
I said last week when the bears started calling for a new bear market that it was too early in the daily cycle for stocks to top.
Mark another victory for cycles :)