It is interesting, however, to note that the corrections following the FED announcements has been more and more limited. It should be of no surprise as FED sends several upbeat signals to markets that it is not worried about global weakness, low or a wobble in financial markets.
Now when the is over the attention is already shifted towards tightening. With current expectations as early as June 2015 there should not be a major tension on the markets for a "considerable time" (using the FED wording).
The S & P 500 has strong resistance at 2,094 points and the Dow Jones in 18,300 points, the indices can not reach these levels.
The reversal may begin soon, problably in the beginning of January 2015.