Fed Chair's Silence Could Unsettle Markets

The DXY is trading below its 20-day moving average (100.77), with the RSI in weak territory at 44. The MACD line remains below the signal line, indicating negative short-term momentum. The Fed Chair's silence could create uncertainty in the markets and reduce demand for the dollar. However, the 50-day moving average (100.69) stands as a nearby support level and may limit the decline. Therefore, a slight decline is expected in the short term, but since the index has not entered oversold territory, the downside is likely to be limited.

The S&P 500 (SPX) is trading below its 20- and 50-day moving averages, indicating short-term weakness. While the RSI at 33.8 is approaching oversold territory, the MACD line remains below the signal line and in negative territory, suggesting continued bearish momentum. The news headline highlights that the Fed Chair's silence could create uncertainty and unsettle markets. This uncertainty may amplify selling pressure in an already technically weak market. However, the oversold conditions and the decline over the past 24 hours also raise the possibility of a short-term bounce, so while the bearish outlook is strong, it is not definitive.

TLT is trading just above its 20- and 50-day moving averages, with the RSI at 57, indicating a neutral zone. Although the MACD line is above the signal line, the gap is quite narrow, suggesting weak momentum. The news headline implies that the Fed Chair's silence could create uncertainty, but it does not contain any concrete policy change signals. In the short term, due to the current technical structure and uncertain news flow, no clear directional signal has emerged. Therefore, a neutral outlook prevails.

NDX experienced a sharp decline of 3.5% in the last 24 hours, falling to the 28,590 level. While the RSI has dropped to 33, approaching oversold territory, the MACD line remains below the signal line and in negative territory, indicating that bearish momentum persists. The price is trading below both the 20-day and 50-day moving averages (29,053 and 29,377, respectively), further weakening the technical outlook. The silence from the Fed Chair may increase uncertainty in the markets, potentially amplifying selling pressure. The likelihood of the short-term downtrend continuing is high.