The Federal Reserve's decision today will determine the direction of the Dow Jones index
The movements of the Dow Jones index are reflecting the Fed's dilemma of whether to raise or maintain interest rates
The markets are awaiting the decisions of the American Federal Reserve meeting
The Dow Jones index faces resistance at 23600 points
The downward trend is still dominant in the Dow Jones index
Strong movements are expected on the American stock market Dow Jones index today
The American stock market's Dow Jones index is expected to experience strong movements today as the Federal Reserve meets to determine its interest rate policies. The central bank is currently weighing the options of raising interest rates by 25 basis points on the US dollar to control inflation or maintaining the interest rate without an increase temporarily due to concerns about the Silicon Valley and Credit Suisse bank crisis's repercussions. After the announcement of the decision, the Federal Reserve Chairman, Jerome Powell, will hold a press conference. Whatever the decision, it will certainly have a strong impact on the American stock market indicators today.
The downward trend is still dominant in the Dow Jones index
The Dow Jones index currently faces resistance at 23,600 points, and despite its corrective rise from the support level of 31,500 and successful maintenance of this level, the index is still moving downward in the short and medium term. If it fails to surpass the resistance level of 32,600, which represents a horizontal resistance level and the upper limit of the downward channel within which the index is moving, it may retreat to test the support level of 31,500 points again. If this level is broken, the decline may extend to test the lower limit of the downward channel around the 31,000-point level.
However, if the index surpasses the resistance level of 32,600 and the Federal Reserve's decisions support price stability above this level, this may contribute to extending the rise to test the resistance level of 33,000 points. If the index surpasses this level, it may extend the rise to 33,550 points. The Federal Reserve's decisions today regarding raising or maintaining interest rates will have the strongest impact on the movements of the American stock market indicators today.