Trade of the day – US100

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.

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