As expected, the FED raised 1/4 points on rate. The market just yawned. Nasdaq is in a minor correction since last Friday whereas the Dow is still in a uptrend and today is day 20. Europe was in a side way pattern and today broke the downside signalling possible top. This is a topping process and there are warning signs popping up all the time. There are still a few indices ( DOW, NYA, IWM, XHB, MDY ) that are still in uptrend completing the wave count, this ending up wave followed by a correction and a final up wave. Caution is called for.