Market has been trading sideways during overnight session.
However, it did test the 3000 level and bounced off quickly which is bullish.
Today being Fed day a rate cut would give a boost to the market and a subsequent rally .
Level to watch 3004---3006
Reports to be aware are:
US:EIA Petroleum Status Report
10:30 AM ET
US:FOMC Meeting Announcement
2:00 PM ET
US:FOMC Forecasts
2:00 PM ET
US:Fed Chair Press Conference
2:30 PM ET
However, it did test the 3000 level and bounced off quickly which is bullish.
Today being Fed day a rate cut would give a boost to the market and a subsequent rally .
Level to watch 3004---3006
Reports to be aware are:
US:EIA Petroleum Status Report
10:30 AM ET
US:FOMC Meeting Announcement
2:00 PM ET
US:FOMC Forecasts
2:00 PM ET
US:Fed Chair Press Conference
2:30 PM ET
Anything published is strictly for educational purpose.