U.S. Stock Index Outlook: Weak Sentiment Ahead Of NFP
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Dean Popplewell4.06K FollowersFollow5ShareSavePlay(6min)Comment(1)SummaryThe Dow Jones, bellwether of the post-FOMC bullish sentiment, has just rejected to its higher timeframe upward channel (formed since May 2025).After a solid rebound ahead of the FOMC, the Nasdaq index hasn't been able to show any form of strength since the cut, even forming a double-top/lower high with the past week's bullish impulse.The S&P is still holding the 6,800 to 6,900 range indicated in our latest Index analysis but is now testing its support. JacobH/E+ via Getty Images By Elior Manier Friday provided a sharp shift in post-FOMC flows. The strong rallies in equities - particularly in defensive sectors - turned sour as Fed members began to voice concerns regarding their recent decision.This article was written byDean Popplewell4.06K FollowersFollowDean Popplewell has nearly two decades of experience trading currencies and fixed income instruments. He has a deep understanding of market fundamentals and the impact of global events on capital markets. He is respected among professional traders for his skilled analysis and career history as global head of trading for firms such as Scotia Capital and BMO Nesbitt Burns. Since joining OANDA in 2006, Dean has played an instrumental role in driving awareness of the forex market as an emerging asset class for retail investors, as well as providing expert counsel to a number of internal teams on how to best serve clients and industry stakeholders.