S&P 500 Technical Analysis: Market Reaction to Fed Rate Decision
Updated
S&P 500 Technical Analysis
The Fed Rate Decision is Coming Today!
The market is expected to be volatile due to the Fed’s rate decision, with a potential decrease of 25 basis points.
As mentioned earlier this week, the S&P 500 has been following a bullish trend, pushing up from 6022. Today, the index is likely to attempt to reach 6099. If it successfully breaks above 6100, it would confirm a bullish zone, with the potential to climb further toward 6143, especially if the Fed reduces rates by 25 bps.
On the other hand, failure to maintain momentum above 6099 could result in the index trading between 6099 and 6022. A bearish trend could begin if 6099 is broken on the downside.
Key Levels:
Pivot Point: 6099
Resistance Levels: 6143, 6166, 6190
Support Levels: 6058, 6022, 5971
Trend Outlook:
Upward Trend: Above 6099
Downward Trend: Below 6022
previous idea:
The Fed Rate Decision is Coming Today!
The market is expected to be volatile due to the Fed’s rate decision, with a potential decrease of 25 basis points.
As mentioned earlier this week, the S&P 500 has been following a bullish trend, pushing up from 6022. Today, the index is likely to attempt to reach 6099. If it successfully breaks above 6100, it would confirm a bullish zone, with the potential to climb further toward 6143, especially if the Fed reduces rates by 25 bps.
On the other hand, failure to maintain momentum above 6099 could result in the index trading between 6099 and 6022. A bearish trend could begin if 6099 is broken on the downside.
Key Levels:
Pivot Point: 6099
Resistance Levels: 6143, 6166, 6190
Support Levels: 6058, 6022, 5971
Trend Outlook:
Upward Trend: Above 6099
Downward Trend: Below 6022
previous idea:
Trade active
SPx
Update
Moving Well +950 pip✅ dropped about 3.75%
The price dropped and reached the support we mentioned, still has a bearish trend toward 5893 ahead the FED speech was Negative for indices. now should close 4h candle below 5932 to get 5893 and 5863
Timeframe 4h, 1h
current price 5875
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