3.18 Afternoon Market Analysis
From the 15-minute chart perspective, after rallying to 74850, the price quickly pulled back and is currently under pressure near 74204.9 (Bollinger middle band).
Bollinger upper band at 74528.1 forms short-term strong resistance, while lower band at 73880.7 provides support. Price continues to trade below the middle band. Moving averages are turning downward, short-term bearish momentum dominates, and rebound strength is weak.
Fed Decision Expectations Weighing: Although tonight's FOMC meeting is likely to maintain rates unchanged, the dot plot and Powell's rema
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