01.05.2024 20:10:20 - dpa-AFX: US STOCKS: Minimal Reaction In Stocks To FOMC Decision
US STOCKS: Minimal Reaction In Stocks To FOMC Decision
* The S& 500 e-mini is currently less than 10pts higher post-FOMC decision at
5060.50 (-0.1%) having pared some of the initial push higher.
* Resistance is seen at 5132.17 (20-day EMA) but the technical trend points to
a bearish cycle with support at 5022.25 (Apr 25 low) after which lies the
bear trigger at 4963.50 (Apr 19 low).