Stock Indices Dive On Strong Volume

As is typical, there was a lot of volatility at the Fed announcement and during the press conference. Ultimately, the Market perceived some of the comments as bearish and the sellers showed up. While the Indices closed at the lows, which typically suggests follow-through, a lot of times after a Fed announcement, the entire range is retraced. The Briefing outlines important short-term resistance and most importantly longer-term support that is being approached.

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