U.S. stock futures were higher on Wednesday morning as traders looked ahead to the Federal Reserve’s December interest rate decision.
Generally, the direction is uptrend
Uptrend Side: The price has established itself in a new high area and formed resistance at the all-time high (ATH) of 22,110. We anticipate that once this level is breached, the price will resume its sharp bullish momentum, targeting the 22,800 level.
Downtrend Side: Today, the market is exhibiting sensitivity ahead of the Federal Reserve's decision. To conserve momentum, the price may undergo a correction before resuming its upward movement toward 21975.