The FOMC raised short term interest rate on Wednesday in spite of a weakening real economy in order to try to stop their paper money system from a continuing collapse, as we can see from the meteoric rise of Bitcoin against all paper currencies.
The Fed action is likely to be followed by other central banks. The actions of central banks is certain to cause a massive recession/depression, but it is a choice between currency collapse or a recession/depression.
The are likely to continue to buy the stock market for a while longer, but only time will tell when selling would starts to overwhelm their actions.
Key price level for NQ on Thursday will be 6405.
-- As long as NQ remains above 6405, NQ should continue to rally to another higher high before selling comes back in..
-- Trading below 6405 is a bearish sign, next support is 6395, then 6350
