SroshMayi

Stock Index Futures Dip Ahead of Fed Decision, U.S. Jobs Data

Short
EIGHTCAP:US30   Dow Jones Industrial Average Index
US30

The price has breached the pivot line and stabilized below it, indicating a continuation of the bearish trend towards 37620. If a 1-hour or 4-hour candle closes below this level, the bearish trend may extend towards 37120. Therefore, the price is likely to fluctuate between 38065 and 37120 until a breakout occurs.

Additionally, today's FED and FOMC meetings are expected to have a significant impact on the market.


Pivot line: 37860
Resistance Prices: 38065, 38320, 38550
Support Prices: 37620, 37420, 37150

The movement range will be between support 37150 and Resistance 38065

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