Dow Jones Targets New Highs Amid Fed Rate
Updated
Dow Jones Closes at a Record High Above 41,700 Ahead of Major Fed Event
Technical Analysis:
The price has stabilized within a bullish zone and, depending on that will continue the trend while above 41565
Sustained stability above 41,565 could drive the index higher towards 41,980. Conversely, a break below this level could signal a corrective move down to 41,340. Additionally, a short-term correction to 41,620 is possible from the current price.
Technical Analysis:
The price has stabilized within a bullish zone and, depending on that will continue the trend while above 41565
Sustained stability above 41,565 could drive the index higher towards 41,980. Conversely, a break below this level could signal a corrective move down to 41,340. Additionally, a short-term correction to 41,620 is possible from the current price.
- Key Levels:
Pivot Point: 41,620
Resistance Levels: 41820, 41980, 42100
Support Levels: 41565, 41340, 41030 - Trend Outlook:
Uptrend: Above 41,565
Downtrend: Below 41,340
Trade active
US30
Update
Futures Hold Steady as Investors Await Fed Rate Cut
U.S. stock index futures remained subdued on Wednesday as investors cautiously awaited the Federal Reserve's interest rate cut—the first in over four years. Most traders are now anticipating a half-percentage-point reduction.
Technical Analysis:
As we mentioned, the price retested the previous support line, which is 41565, and pushed up again.
So US30 has stabilized within a bullish zone and, will continue the trend till 42000 while above 41565
Sustained stability above 41,565 could drive the index higher. Conversely, a break below this level could signal a corrective move to 41,340.
Key Levels:
Pivot Point: 41,620
Resistance Levels: 41980, 42100, 42320
Support Levels: 41565, 41340, 41030
Trend Outlook:
Uptrend while Above 41,565
Trade closed: target reached
US30
New Update
Fed Rate Cut Boosts Futures as Growth Stocks Lead Gains
U.S. stock index futures remained subdued on Wednesday as investors cautiously awaited the Federal Reserve's interest rate cut—the first in over four years. Most traders now expect a half-percentage-point reduction.
Technical Analysis: As previously noted, the price touched 42,030 as expected. Today is likely to be a critical session, as a strong correction could potentially drive the price down to 41,770 or 41,565. However, a break above 42,030 would support a gradual bullish move towards 42,700.
Key Levels:
Pivot Point: 42030
Resistance Levels: 42300, 42450, 42700
Support Levels: 41770, 41565, 41340
Trend Outlook:
Consolidation: 42,030 - 41,770
Bullish: Above 42,040
Bearish: Below 42,030
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