Market Holds Steady: Trump Rally Boosts Futures, All Eyes on Fed Rate Decision
1. Technically: The price has broken the previous ATH and is attempting to record new highs.
Today, the market is expected to be volatile due to a 25 bps interest rate cut, which will impact market movement.
As long as the price trades above 20790, the bullish trend is likely to continue toward 20960 and 21070.
Alternatively, if the price closes a 1-hour candle below 20785, it may drop to 20710. A 4-hour candle close below 20710 would confirm a bearish trend, with a potential target of 20550.
Trend: - Bullish above 20840 and 20790 - Bearish Below 20780 and 20710
2. Futures Steady After Trump-Fueled Rally, Ahead of Fed Rate Decision
Traders have largely priced in a 25-basis point rate cut, though they will closely monitor the central bank’s policy statement for signals on the future path of monetary easing.
“Investors may be pausing to assess recent events and await the Fed’s scale of rate cuts,” one analyst noted.
Investor expectations that Trump would lower corporate taxes and loosen regulations had in the previous session lifted all three major indexes to a record high.
previous idea:
ノート
Trend is bullish
トレード稼働中
Stability under 21070 will support bearish to touch 20960 and 20790