US100: Rising or Falling?

US100, Daily

In the Daily timeframe, US100, after a long-term bullish trend, is consolidating near the 61.8 Fibonacci support area, testing the MA50. Despite the bullish sentiment, DeMarker is out of the overbought zone.

• If bears push the price below the support of 19500 and MA50, it will start falling to 18600, corresponding to 38.2 Fibonacci;

• Bounce-off support would bring the US100 back up to ATH to 20700;