The S&P Futures failed to trade above the 2273 all-time high from Tuesday in the reaction to the FOMC decision to raise rates. This lower high created a lower high at 2267/68 and opened up a move to the 2246/47 we had discussed this week as weekly lows and a potential test point. The low was made at 2243 and the Bears failed to convert 2246/47 to resistance and we closed above at 2252. Bears have been unable to retest 2246/47 in the overnight. As a result we have traded as high as 2257. If the Bears are going to follow through today they will need to trade below 46/47 and preferably close below. Such a move would open up a late week test of the Weekly Pivot at 2228. The Bulls will need a new all-timer high in order to preserve the Upper Band ride on the Daily chart. The is the best opportunity for bearish follow through we have seen in over a week.