US100: Trend Breakdown

US100, Daily

In the Daily timeframe, the US100 broke the trend line after a long-term upward movement. The price fell to critical support at 161.8 Fibonacci, testing MA50. Despite the trendline breakout, bullish sentiment remains strong.

• If the bears push the price below 19500 and MA50, the downside target will be 18500;

• A rebound from support will bring back to resistance at 20700;