Trading Insights

S&P 500

Powell’s Dovish Shift Sparks Equity Euphoria


The S&P 500 turned cautiously bullish after Powell acknowledged labor market weakness and hinted that restrictive Fed policy may soon give way to cuts. Markets have already priced in a September reduction, fueling optimism. RSI surged to 69, while MACD signals emerging selling pressure, suggesting some caution despite the strong momentum.
Key Levels: Support at 6,398 | Resistance at 6,490