The pullback seen on Wall Street at the end of Monday's session was quickly erased. On Wednesday, the US100 jumped 1% towards highs from the beginning of the week - 11390 points. Looking at the H1 chart in terms of technical analysis, this zone acts as a short-term resistance that has already been tested several times in the past. Should a break higher occur, the upward movement may become even stronger. In such a scenario, external Fibonacci measurements of 127.2% and 161.8% of the last local downward correction, should act as potential resistance levels.
US100, H1 interval. Source: xStation5
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