2022/09/22 (075) Technical Analysis – NYSE-UNH & CBOT

The US Federal Reserve`s Next Sharp Hike In Key Interest Rates
Ultimately Spooked Investors And/Or Traders On WallStreet On Wednesday.
Fears Of Lower Price Actions In The 3 Major Stock Markets Comes True
– It`s Going To Be A More Than Disgusting Painful Uglay Way Down

Basically, The Medium-Term Down-Side-Trend Is Still Intact

The market, i.e. the mass of financial market participants who trade the Dow Jones Future (buy/sell or do nothing) have taken falling prices over the past few days and weeks as an opportunity to continuously monitor the current price action (in real time) trade deeper (buy/sell or do nothing). Which can be excellently visualized in a downward trend channel in the medium term. Which in turn signals an increasing pessimism, which allows the mass of investors and/or traders to conclude that the Dow Jones Industrial Average will continue to fall. Such as after the sell-signal from a square formation breaking down the support level at 34.362. The target of 32.297 has long been reached, but the formation continues to signal the same price action.

The index still has psychological support at around 30000 points and resistance at around 32600 points!
We will see in today’s daily trading whether these hold!? And or will there be trade again at all in one of the two directions?!
There are simply far too many influencing factors that influence the Dow Jones Industrial Average and/or the DOW Jones Future, even just our 4XSetUp Trading Capability. The height and/or depth of the US key interest rate? How quickly/slowly and/or how high/low will the Fed raise interest rates? And what about US inflation? Does the US inflation fall fast or slow? And or will the next published consumer prices be higher than expected again? Not as deep as we thought? And what about the other key US economic data? US unemployment rate? US current account? US trade balance? And or also US GDP Growth Annual Rate? What is the US dollar doing? What is the US Yield Curve doing? And or what influence do other scenarios, such as Russia’s war of aggression against Ukraine, have on the Dow Jones Industrial Average? These are crucial questions that I try to answer for you every day in every DEVISE 2 DAY Affiliate Financial Market Online Newspaper Edition. And that’s why I’m so proud of my holistic, detailed 4XSetUp approach – just by the way.

But let’s get back to the basic current technical picture of the Dow Jones Industrial Average.
The RSI below 30 indicates strong negative momentum for the index in the near term. The market continues to push, if you will, to sell off the index, which leads to lower and lower prices. And that in turn leads to a further increase in pessimism and a further decline in the price. However, especially for large stocks, a low RSI can be a sign that the stock is oversold and there is a chance of a reaction to the upside. However, in the medium term, the Dow Jones Industrial Average is considered to be technically negative overall. And that`s why I formulated a long/short switch trading capability as an exception, at this week start.

Fears About Price Action Have Materialized On US WallStreet,
After The Majority Of Financial Market Participants Used FED`s Determination As A Trigger For Cheaper Price Action

The Dow lost over 500 points in a volatile session on Wednesday, and the S&P 500 and the tech-heavy Nasdaq tumbled roughly 1.8% each as investors digested the Federal Reserve’s rate decision and Powell’s gloomy outlook for the economy. The Fed delivered a 75 bps rate hike for a third consecutive meeting while signaling further increases in the next few months. The terminal rate, the peak spot where the federal funds rate is, is now seen at 4.6%, with policymakers anticipating cutting interest rates in 2024 and extending that into 2025. Officials also significantly cut their outlook for 2022 economic growth, expecting just a 0.2% gain in GDP, down from 1.7% in June. On the corporate side, shares of General Mills advanced over 5% to hit a record peak on solid quarterly profit results and upbeat forward guidance.

United States Stock Market Index (US500) traded at 3,766.88 this Wednesday September 21st, decreasing 66.00 or 1.71 percent since the previous trading session. Looking back, over the last four weeks, US500 lost 8.97 percent. Over the last 12 months, its price fell by 14.30 percent. Looking ahead, we forecast United States Stock Market Index (US500) to be priced at 3,758.68 by the end of this quarter and at 3,434.69 in one year, according to Trading Economics global macro models projections and analysts expectations. US Tech 100 Index traded at 11,596.58 this Wednesday September 21st, decreasing 213.75 or 1.80 percent since theprevious trading session. Looking back, over the last four weeks, USNDX lost 10.04 percent. Over the last 12 months, its price fell by 23.59 percent. Looking ahead, we forecast US Tech 100 Index to be priced at 11,603.81 by the end of this quarter and at 10,603.59 in one year, according to Trading Economics global macro models projections and analysts expectations.