Fed Rate Hike Expectations Strengthen: Markets Begin Repricing
📊 SPX — Piyasa Yorumu
▼ down · 70%The strengthening of expectations for a Federal Reserve interest rate hike is acting as a negative catalyst for stock markets. The SPX index has lost 2.7% over the past 24 hours, falling to the 7386 level. The RSI remains in weak territory at 42.9, while the MACD is trending negatively below its signal line. The price is trading below both the 20-day (7403) and 50-day (7512) moving averages. In the short term, selling pressure is likely to persist, with the index potentially pulling back toward the 7300 support level.
📊 NDX — Piyasa Yorumu
▼ down · 70%NDX dropped 4.7% in the last 24 hours to 29,083, closing below both its 20-day (29,232) and 50-day (29,989) moving averages. The RSI at 41.3 has fallen below the neutral zone, indicating increased selling pressure. The MACD line is below the signal line and in negative territory, confirming weak momentum. Strengthening expectations of a Fed rate hike may add further pressure on the tech-heavy index. The short-term downtrend is likely to continue.
📊 DXY — Piyasa Yorumu
▲ up · 60%Strengthening expectations of a Fed rate hike could provide short-term support for the DXY. However, technical indicators paint a weak picture: the RSI is near the oversold zone at 43, and the price remains below both the 20-day and 50-day moving averages. The MACD continues to stay below the signal line, indicating that momentum has not yet turned. Despite positive news, the fragility in the technical structure suggests any upside may be limited.