Based on premarket trading prices it looks like the last of the major indicies that need to put in final highs will do it today. At last week's market highs only the RUT remained with work to do. IWM should trade through the last remaining nonconfirmed high of 142.90. SPY and QQQ also ready to generate sell signals sometime shortly after the open so it looks like it really doesn't matter what the Fed does today with the Fed funds rate. U.S. equity markets are in for a major swoon here. IWM initial target is 134.65. SPY target remains 234.74 and the Q's 135.32. I will post sell prices for the SPY and IWM today sometime. I already issued a short and hold call for the Q's at 143.75 at my previous QQQ spew.