US100: Decisive moment

US100, Daily

In the Daily timeframe, US100 fell sharply to the lower trendline of the rising channel after the FOMC meeting. Price is testing an important support area. DeMarker is out of the overbought zone, but the overall trend remains bullish.

• A break of the lower trend below 21200 will drop US100 to 20400;

• A bounce off the trendline will bring the price back to 22200;