US500 is already trading over 2% and is at its highest level since July 24. At the same time, Index has already recovered around half of the losses made since mid-July. The reason for the rise is, of course, decent results from American companies and a fairly dovish Powell during the post-Fed decision conference. Although the Fed's statement itself was rather neutral, Powell signals the possibility of a cut if the data justifies it.
US500 is rising by over 100 points today and is testing the 50.0% retracement of the last downward wave. At the same time, we see that just above is a bearish price gap and resistance in the 5,600 area, marked with the 61.8% retracement, where negative price reactions were previously observed. If US500 rises to these levels today, it is possible that profit taking and a slight correction will occur in these areas.
Source: xStation5
ملخص اليوم: الأسواق تحدّ من التراجع في انتظار قرار الاحتياطي الفيدرالي
يستمر انخفاض أسعار أشباه الموصلات 📉
إفتتاح الأسواق الامريكية: انخفاض حاد في الأسعار وانتعاش قطاع البرمجيات كخدمة (SaaS)
ملخص اليوم: حرب الرقائق الإلكترونية تُلقي بظلالها على وول ستريت، انخفاض النفط بعد وقف إطلاق النار بين الولايات المتحدة وإيران ⭐
