Futures and the DAX are positive, indicating a positive open. The market condition scans are slightly positive, but energy remains weak. The market bias indicators are slightly negative, indicating a sideways day.
The FOMC stayed pat on interest rates as expected but the commentary afterword seem to suggest they might consider raising rates sooner, which indicates they perceive the economy is improving. Initially the markets reacted positively, than sold off in the latter half of the afternoon.
| Index | Change | %Change | Level | Phase |
| TSX | -68.19 | -0.59% | 11517.54 | Bullish |
| DJIA | -81.32 | -0.83% | 9748.55 | Bullish |
| Nasdaq | -14.88 | -0.69% | 2131.42 | Bullish |
| SP 500 | -10.79 | -1.01% | 1060.87 | Bullish |
| Russell 2000 | -7.32 | -1.18% | 613.37 | Bullish |
| NYSE | -82.44 | -1.17% | 6964.69 | Bullish |
Source: Telechart
Short Term market outlook:
Bias: Scans showing a positive bias
Energy: weak
Primary Trend: sideways
| Sector | Phase |
| Consumer Staples | Bullish |
| Healthcare | Bullish |
| Technology | Bullish |
| Utilities | Bullish |
| Energy | Bullish |
| Financials | Bullish |
| Industrials | Bullish |
| Materials | Bullish |
| Consumer Discretionary | Bullish |
Source: Telechart
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