Powell's assurance that there is no need to be concerned about inflation had just a short-lived effect. Yields started to rise again, putting pressure on equities.
Taking a technical look at DE30, we can see that a shooting star pattern has surfaced. Such a pattern often hints at a reversal. In case sellers manage to push the price back into the previously-broken upward channel, a downward move may deepen towards the 14,400 pts area. In case this area does not stop the sell-off, the next major support to watch can be found at 14,150 pts. A 14,780 pts area remains the near-term resistance to watch and is marked with the 161.8% exterior retracement of the September-October correction.
Source: xStation5
Morning Wrap: Emotions Subside After the Truce. The Fed Takes Center Stage in the Markets
Daily Summary - Oil Nearly Erases War Gains as Wall Street Pulls Back Ahead of Fed Decision (16.06.2026)
US OPEN: SpaceX pushes Amazon off the TOP 5 podium. Wall Street awaits Warsh's debut
Nasdaq near record high 🔼 Is a double top forming?