As we delve into the current state of the US market, it's essential to note that the Federal Open Market Committee (FOMC) meeting is scheduled for tomorrow at 2:00 pm EST. This event often carries significant weight in shaping market sentiments and outcomes.
Turning our attention to the YM1 Dow Jones US30, we find it hovering in a premium zone. The price dynamics are intriguing, and there is anticipation around whether the price will stabilize or witness a pullback. Should a pullback occur, many are eyeing the potential return to the most recent Point of Interest (POI) within the 4-hour supply zone.
Market watchers and investors are keenly observing these developments, ready to navigate potential shifts and opportunities that may arise. It's a moment of anticipation and analysis as we await the outcomes of the FOMC meeting and how they may influence the trajectory of the US market in the near future.