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 Briefing: BoJ raises rates, but the yen paradoxically weakens (18.09.2026)
Daily Summary: Hawkish Fed fails to scare the markets (17.09.2026)
Nasdaq 100 Up 1.7%
US Open: Nasdaq, gold and silver surge following... an interest rate hike (17.09.2026)