(Click the imagine for sharper view)The current market before the fed meeting tells us that :
1. Pause the Interest Rates.
2.Expand fed balance sheet with micro dollar
3.Talks about more green, purple shoots or may talk about the recovery will stall for the rest of year.Lets see how he plays this afternoon but markets looks more speculative on fed's move.
Markets here are showing some positive sign which means fed does not like to pull the plug on equities which is good sign for the broader markets.Anyway here are the possible moves to upside to downside on following indicies:
1.Dow Jones Industrial Average: 8600-8300
2.S&P 500 : 925-890 (closing below 875 will be carnage to markets something fed surprised us)
3. Nasdaq : 1750- 1820
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