Fed's Significant Rate Cut Elicits Muted Response, But Calm May Be Temporary
The price is expected to maintain its bullish trend, supported by strong bullish volatility following the 50 bps rate cut. Currently, as long as the Nasdaq trades above 19,690, the price is likely to target 19,970 as an initial point, with 20,100 as the next potential level. A reversal below 19,680, however, could indicate a shift to a bearish trend towards 19,535.
Key Levels:
Pivot Point: 19,690
Resistance Levels: 19,970, 20,120, 20,500
Support Levels: 19,535, 19,370, 19,160
Expected Trading Range for Today: 19,680 to 19,980
Trend: Bullish while above 19,690
Previous idea:
The price is expected to maintain its bullish trend, supported by strong bullish volatility following the 50 bps rate cut. Currently, as long as the Nasdaq trades above 19,690, the price is likely to target 19,970 as an initial point, with 20,100 as the next potential level. A reversal below 19,680, however, could indicate a shift to a bearish trend towards 19,535.
Key Levels:
Pivot Point: 19,690
Resistance Levels: 19,970, 20,120, 20,500
Support Levels: 19,535, 19,370, 19,160
Expected Trading Range for Today: 19,680 to 19,980
Trend: Bullish while above 19,690
Previous idea:
Technical analyst focused on gold, indices, and forex.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
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Technical analyst focused on gold, indices, and forex.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
相關出版品
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。