
Get the latest trade ideas from our community to enhance your market insights and identify key entry points. Sign up for our newsletter to get live updates.
Welcome Aboard!
Get ready to receive cutting-edge analysis, top-notch education, and actionable tips straight to your inbox.

US100 Countertrend Shorts: 27500 In Play!

Welcome to Fed Day trade! It’s a big day on Wall Street, headlined by the latest interest rate decision from the US Federal Reserve (Fed). At this hour, precious metals are showing strength, while risk assets are relatively flat. The USD will be under the microscope as traders debate the future of Fed policy.
In addition to the FOMC announcements, the Bank of Canada (BoC) is due out with an interest rate decision of its own. The BoC is expected to cut interest rates by 25 bps, mirroring expectations from the Fed. Will the cuts actually come to pass? We’ll have real-time coverage of Jerome Powell’s presser beginning at 2:20 PM EST on FOMC Live! Tune into the Howtotrade.com trading room or at Switch Markets on YouTube for all the action.
During the US premarket hours, the MBA 30-Year Mortgage rate fell to 6.30% from 6.37% week-over-week. The trend in mortgage rates has been down, much like the current bearish momentum in US Treasury yields. This suggests that institutional lenders are banking on a dovish policy cycle from the Fed. In short, be ready for a sluggish Greenback as policymakers slash rates to promote economic growth.
It’s been a big few weeks for the NASDAQ100 (US100). The market has extended all-time highs dramatically since breaking above 25,000. Now, there is a new area of natural resistance in view for the US100:
Big Round Number, 27500
When a market trends to all-time highs, the only possible resistance zones are big round numbers. Known as “natural resistance,” these areas often generate heavy two-way action, which sets the stage for short-term pullbacks. Check out our Key Levels for more information on this Trade Idea.
That’s all for now; we’ll see you later today on FOMC Live!
Subscribe for on-demand lessons, trade ideas, trading challenges and weekly newsletters packed with actionable information.
Welcome Aboard!
Get ready to receive cutting-edge analysis, top-notch education, and actionable tips straight to your inbox.
Great, you've been entered into our monthly prize draw. We'll notify you if you've won.
Thank you for downloading our trading plan!
Thank you, you’re all set!
Login
Welcome back to HowToTrade
Or register using
Reset your password
Type your email and we'll send you a reset link
Done!
A password reset has been requested for . Check your email for your reset link.
Disclaimer: The information on the HowToTrade.com website and inside our Trading Academy platform is intended for educational purposes and is not to be construed as investment advice. Trading the financial markets carries a high level of risk and may not be suitable for all investors. Before trading, you should carefully consider your investment objectives, experience, and risk appetite. Only trade with money you are prepared to lose. Like any investment, there is a possibility that you could sustain losses of some or all of your investment whilst trading. You should seek independent advice before trading if you have any doubts. Past performance in the markets is not a reliable indicator of future performance.
HowToTrade.com takes no responsibility for loss incurred as a result of the content provided inside our Trading Academy. By signing up as a member you acknowledge that we are not providing financial advice and that you are making the decision on the trades you place in the markets. We have no knowledge of the level of money you are trading with or the level of risk you are taking with each trade.
The HowToTrade.com website uses cookies in order to provide you with the best experience. By visiting our website with your browser set to allow cookies, or by accepting our Cookie Policy notification you consent to our Privacy Policy, which details our Cookie Policy.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Subscribe to our email newsletter below to be reminded then the next live stream begins.
Welcome Aboard!
Get ready to receive cutting-edge analysis, top-notch education, and actionable tips straight to your inbox.