Antonio_trader

Dow Jones - Fed rate cut

OANDA:US30USD   US Wall St 30
At today's FED meeting a cut of 25 basis points is expected in response to the slow in economic growth and stunted inflation. This could be the signal that the markets are topping and we are due for a big correction. Currently Dow at all time high with support zone holding at 27000. A break of the support and 200SMA could signal a short as the market top. Powell's rhetoric after the FED decision could trigger the trade. He hs to be careful though as not not appear to be appeasing Trump's critic of the FED policy. Good Luck!
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