Stocks Retreat After Fed Rate Hike

After the Fed's rate hike, reduced risk appetite could exert short-term pressure on GOOGL. The price is below the 20-day moving average (345.35) and the RSI at 44.8 indicates weak momentum. The MACD is below the signal line (1.26 vs 1.83), trending negative, which increases downside risk. However, the 50-day average (339.26) may act as support, and the change over the last 24 hours is nearly flat. Therefore, the bearish signal is not strong, and I anticipate a cautious downward trend.

DXY sees safe-haven demand amid the pullback in stocks after the Fed rate hike. Although RSI at 77.5 is in overbought territory, MACD is positive and the price is above the SMA20/50. In the short term, the dollar index may remain upward, but the overbought signal increases the risk of a correction. I expect a mild upward bias for 1-3 days.

USD/JPY has risen to 155.98 amid strong dollar demand following the Fed's rate hike. Although the RSI at 71 indicates an overbought zone, the MACD is positive and the price is trading above the SMA20/50, supporting short-term upward momentum. While the pullback in equities reduces risk appetite, safe-haven demand for the yen may remain limited; the main focus is post-Fed dollar strength. However, overbought conditions and possible profit-taking could cap the upside. For the next 1-3 days, a moderate upward bias is expected, with attention on the 156.50 resistance.

Following the Fed's rate hike, the NDX declined 2.1% to 28,824 and closed below its 20- and 50-day moving averages. Although the RSI at 34.5 is approaching oversold territory, there is no reversal signal yet; the MACD is in negative territory and slightly above its signal line, indicating a weak recovery attempt. In the short term, valuation pressure from the rate hike and the technical breakdown increase downside risk. However, oversold conditions could trigger bargain hunting after sharp selling. In the 1-3 day outlook, the downward trend is dominant, but volatility may be high.