Today's pullback in the US stock market did not cause much panic. Looking from a technical point of view at the Dow Jones (US30) index, the correction once again stopped at the lower limit of the 1: 1 structure, which proves that the bullish sentiment persists. Even if this level was negated in the near future, only a break below the support zone at 31,150 pts would invalidate the bullish scenario and the downward correction could deepen.
US30, H4 interval. Source: xStation5
US OPEN: Wall Street seeks rebound ahead of Fed decision
What does Wall Street expect from the S&P 500 next quarter? 🗽 Key sectors to watch
BREAKING: The US Consumer Refuses to Break and That Settles the Fed Debate
Ahead of the Fed
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.