Chart of the day - US2000 (03.11.2021)

US2000 approaches its all-time high as investors await announcements from the conclusion of the Federal Reserve’s 2-day policy meeting. From a technical point of view, the index approaches the upper limit of the consolidation zone which started in February 2021. Recently, we could observe a strong uptrend, which means that there is a possibility that the index may leave the consolidation zone. If today's session ends above the 2,360 pts level, it is possible that the index will resume the main uptrend. In this case, next resistance levels can be found at Fibonacci external retracements - 127.2% and 161.8%.

US2000 interval D1. Source: xStation5