ES Rate Hike RallyE-mini S&P 500 FuturesCME_MINI_DL:ES1!FOREXcomSimilar to the July FOMC meeting, stocks took a hit during the press conference, but came back to life in a very big way after. The pullback in oil has likely had something to do with that here, but at this point, there's still a bull flag in S&P 500 futures after price found support at a big spot taken from the 50% mark of the post-July FOMC rally. Resistance is now at the 23.6% retracement of that same move, and if bulls can press into the weekly close then bullish continuation scenarios become more favorable given the bull flag break - even after what would normally be considered a less-positive item for stocks. - JS