S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico Market
Facts:
- Azure revenue grew 82% YoY , Google Cloud revenue increased 32% YoY , and AWS revenue rose 37% YoY .
- On July 29, 2026 , the FOMC left the federal funds rate unchanged at 3.50%–3.75% . The decision was approved by a 9–3 vote , with three members favoring a 25 bp rate hike .
- In June , core PCE increased by just 0.1% MoM , while headline PCE declined by 0.1% MoM .
Recommendation:
Position: Long US100 at market price
- Take Profit (TP1): 29,300
- Take Profit (TP2): 30,000
- Stop Loss (SL): 27,800
Source: xStation5
Opinion
The recent decline in the US100 appears to be a technical correction within a broader uptrend rather than the beginning of a sustained trend reversal. The index has returned above the 28,200-point area, which previously acted as a key support zone and coincides with the lower boundary of the recent consolidation range. The correction occurred despite solid quarterly earnings from the largest technology companies. The macroeconomic backdrop remains mixed but is not unequivocally negative. The Federal Reserve left interest rates unchanged, while both headline and core inflation slowed compared with the previous month. Although several FOMC members favored a rate hike, markets have interpreted the outcome of the meeting as signaling a more accommodative stance for the second half of the year. From a technical perspective, the index continues to hold above its key structural support.
