After the Fed meeting the stock market tried to organize a bounce. And it seemed to succeed: S&P 500 increased by 2.99%, while Nasdaq skyrocketed by 3.19%.
But that didn’t last for too long - the next day the “bears” took the initiative, dropping Nasdaq by 5% at once. The “bearish engulfing” pattern only makes the matters worse, implying the further decline. The next support for Nasdaq might be found on the level of 12200.