A rally and then a plunge back lower on Wednesday for the major US equity averages, after the FOMC rate decision, statement and conference.
The tone from Fed Chairman Powell was that a rate cut in the near term is unlikely, which impacted negatively on US stock indices
This has eased very short-term upside risks with markets previously at or near all-time highs, shifting the immediate threat to the downside.
Here we put the spotlight on downside threats for the broad US benchmark average, the S&P 500 future.
See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/us-equity-indices-question-the-immediate-bull-trend/