The price has dropped about 700 points, as we mentioned previously, and remains under bearish momentum after breaking the bearish correction and trading below 43760.
As long as the price trades below 43760 and 43900, it is likely to drop further to touch 43350. However, it is also possible for the price to retest 43760 before continuing to drop.
On the other hand, the FED Rate Decision tomorrow will impact the indices. A rate decrease of 25 bps is expected, which could influence the bullish momentum depending on the market's reaction to the rate change.
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