Big Tech Earnings and Fed Decision Awaited

Although MSFT shares rose 2.26% in the last session, the RSI at 41.3 remains in neutral territory, and the MACD continues to stay below the signal line. The price is trading below both the 20-day and 50-day moving averages, indicating short-term weakness. News headlines are focused on big tech earnings and the Fed decision; such macro uncertainties often make it difficult to determine direction. With technical indicators not providing a clear signal and the market awaiting key events, a sideways movement can be expected in the near term.

GOOGL shares are trading above the 20-day SMA with an RSI of 63.8, indicating a neutral-to-slightly bullish zone. However, the MACD remains below the signal line, suggesting weakening short-term momentum. News headlines point to macro uncertainties such as big tech earnings and the Fed decision. Therefore, considering the current technical structure and news flow, no clear short-term direction is expected. Investors are likely to wait for this week's critical data.

Amazon (AMZN) has exhibited strong short-term momentum, rising 5.4% in the last 24 hours. While the RSI at 62 is not yet in overbought territory, the MACD is trading just below its signal line, suggesting that the upward momentum may be losing steam. The price remains in a positive position above both the 20-day and 50-day moving averages. However, the news headline points to macro uncertainties such as big tech earnings and the Fed decision. These factors could lead to cautious investor behavior in the short term and cause the price to consolidate at current levels.

The NDX is approaching overbought territory with an RSI of 74.6, increasing the likelihood of a short-term correction or consolidation. The MACD remains positive and maintains an upward trend, but despite being above the signal line, momentum may weaken. The news headline points to uncertainty-creating events such as major tech company earnings and the Fed decision. Therefore, investors are likely to act cautiously and wait for the release of key data. Short-term direction uncertainty may prevail.