#MarketTurbulence

Technical chart breakdown reflecting how markets react to rate cuts:

Price & Moving Averages: The index shows resistance near recent highs, with the 50-day MA trending above the 200-day, signaling bullish momentum but with volatility.

RSI: Hovering close to overbought (70), indicating risk of short-term pullbacks.

MACD: Positive crossover remains, but flattening suggests slowing momentum.

This setup highlights market turbulence—upside capped by resistance, downside cushioned by support.

Markets usually stage an immediate rally as lower borrowing costs boost liquidity.

Price often gaps above near-term resistance, but profit-taking sets in after the initial surge.

Consolidation zones form as traders digest the policy shift.