Fed Holds Interest Rate Steady, Three Members Vote for Hike

Although the Fed's decision to keep interest rates unchanged aligns with market expectations, the fact that three members voted for a hike could be perceived as a hawkish signal. GOOGL shares rose 5.2% in the last close, with an RSI of 58, not approaching overbought territory. The MACD line is above the signal line and in positive territory, indicating that short-term momentum remains upward. However, despite the stock trading above its 20- and 50-day moving averages, I believe the upside may be limited due to the Fed's hawkish stance and macroeconomic uncertainties. Therefore, I expect a sideways trend in the near term.

Although the Fed kept interest rates unchanged, three members voted for a hike, signaling a hawkish stance. While the RSI on the SPX is near oversold territory at 32, the price remains below both the 20-day and 50-day moving averages. The MACD line is below the signal line and in negative territory, indicating weak short-term momentum. Therefore, the index is expected to continue its downward trend over the next 1-3 days.

NDX fell 3.4% in the last 24 hours to 27,211, with the RSI approaching oversold territory at 31. Although the Fed kept interest rates unchanged, three members voted for a hike, which could be perceived as a hawkish stance by the market. The MACD line is below the signal line and in negative territory, indicating weak short-term momentum. The price is trading below the 20-day SMA (27,721) and 50-day SMA (28,309), making the technical outlook bearish. Selling pressure is likely to continue in the short term, but some recovery may be expected due to the oversold condition.

Despite the DXY's RSI14 being in oversold territory at 25.8, the MACD remains below its signal line and in negative territory, confirming short-term bearish pressure. The price is trading below both the 20-day and 50-day moving averages, further weakening the technical outlook. While the Fed's decision to hold rates steady is expected, three members voting for a hike could be perceived as a hawkish surprise by the market, potentially supporting the dollar in the short term. However, weakness in technical indicators and a 0.56% decline over the past 24 hours suggest selling pressure may persist. Therefore, a continued downward movement in the short term appears more likely.