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81.76% of retail investor accounts lose money when trading CFDs with this provider.

US30 | Navigating Highs and FOMC Anticipation | Indices

Published: 13.12.2023
by Joseph Jeffriess

Today’s video asks if US30 will continue to track higher despite being well off its moving average. This can be a warning if you believe in mean revision. The other point we are looking at in today’s report is whether we will see a stall at resistance and previous highs if the price continues to increase.

Today’s focus: US30

Pattern – N/A
Support – 36,280
Resistance – 36,900

If it’s dovish, we will look for stocks to rally; if it’s hawkish, we will look for stocks to decline. Expectations are already in for May rate cuts to be priced in. Will we hear anything from the Fed to substantiate this?

The FOMC will be held at 6:00 am AEDT, and the FOMC press conference will be held at 6:30 am Thursday.

Good trading.

Dow Jones | US30 | Indices | Indices Trading | Price Action | Technical Analysis | Trend Analysis | Chart Patterns | Technical Indicators | Continuation Patterns

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