Often it is the case that the day following the Fed decision is...

Often it is the case that the day following the Fed decision is more important for stock market direction.

As Voltaire says - a rethink could occur.

However, the severely overbought daily stochastic was a clear warning - now the short term down trend has broken to the down side.

Confirmation by a negative break of the daily MACD would be needed for a convincing reversal.

I'm not a day trader. My comments refer to the intermediate state of the market.

What will happen intraday or tomorrow is a mystery to me. I'll leave that for smarter people than I.

Cheers
Red