Fed Cuts Policy Rate to 3.75-4.00% Range

The Fed's rate cut may boost risk appetite and have a positive short-term impact on the stock. The price is above the 20-day and 50-day simple moving averages at 49.20, the RSI at 60.8 has not approached overbought territory, and the MACD has crossed above its signal line. However, the cut may be largely priced in; after a 2.24% rise in 24 hours, there is a risk of profit-taking. Support should be monitored at 48.40-48.80, with resistance at 50.00. The overall trend is moderately positive.

The Fed's rate cut decision appears to be largely priced in by the market, as the SPX has declined 0.64% in the last 24 hours, showing a slightly bearish trend. The RSI is at 49, in neutral territory, and the price is just above the SMA20 but below the SMA50, indicating short-term directional uncertainty. Although the MACD is in negative territory, it is above the signal line, meaning downside momentum is weakening. While a rate cut generally supports risk appetite, due to the 'good news sold' reaction and weak technical picture, a sharp rally in 1-3 days is unlikely. Therefore, I assess the short-term direction as neutral.

The Fed's rate cut decision appears to be largely priced in by the market; NDX reacted with a 0.72% decline in the last 24 hours. The RSI is at 50.8, in neutral territory, and the MACD is negative but above the signal line, indicating weakening downward momentum. The price is trading just above the SMA20 but below the SMA50, suggesting a sideways-choppy trend in the short term. Although rate cuts generally support risk appetite, since this one was 'within expectations,' its impact may be limited. In the 1-3 day outlook, a clear directional signal is weak; support at 29,100 and resistance at 29,280 should be monitored.

Although the Fed's rate cut decision is fundamentally negative for the DXY, the market may have largely priced in this move. Technical indicators already point to an upward trend: the price is above the SMA20 and SMA50, the RSI at 67 is strong but near overbought territory, and the MACD is above the signal line. This suggests that a limited upward movement may continue in the short term, but the high RSI level could cap the gains. A possible 'buy the rumor, sell the fact' reaction may occur due to the news; therefore, there is directional uncertainty. Nevertheless, the current technical picture suggests that a slight upward trend is more likely in the 1-3 day horizon.