Equities tumbled after the US Fed shattered hopes that policymakers might dial back the tightening. The Dow Jones 30 lost its momentum after hitting a four-month high at 34300. An initial drop below 33850 led some leveraged positions to close out. Then the selling intensified after the index lost ground at 32800. 31700 could be the next stop. An oversold RSI may cause a temporary bounce and 32900 has become a fresh supply zone where the bears could be expected to fade the next rebound.
