US100 Breaks Out as Trade Optimism and Fed Expectations Fuel Mom

yesterday

US100 Breaks Out as Trade Optimism and Fed Expectations Fuel Momentum

Over the weekend, US President Donald Trump said that the US and China will reach a deal.

US President Donald Trump said that the US and China are ready to "reach" a trade deal, as he is expected to meet with Chinese President Xi Jinping later this week in South Korea during his Asia tour.

This decision gave the market a breather and increased optimism about an improvement in business sentiment. The indices came out of consolidation to create new record highs.

US100 has already reached 25670 and looks set to rise further as shown in the chart with targets:
25900; 26400 and 26700

This week, the FED is also expected to cut rates by 25 basis points to 4% from 4.25%.
These expectations should help indices to rise further

US100 may test 25300 again before moving further. So, take note of this.
However, so far, US100 remains strong, and this momentum could continue to grow further.

You may find more details in the chart!
Thank you and Good Luck!

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4 hours ago

Trade active

Target 1 reached and is poised to rise further

3 hours ago

Note

The US100 index reached its first target and is poised to rise further.
The bullish momentum remains high and expectations that the FED is expected to cut rates by 25 basis points to 4% are pushing the indices higher, despite being positioned for a deeper correction last week.

The fact that all businesses will take a deep breath could help the stock market rise further. Caution is required during the FOMC meeting, but it seems that the indices have no intention to take a pause yet..