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FOMC today | rise and dip with 10733 10778 resistance | 10660 10614 support

Technical analysis for 16th September 2026

Today is Fed day.....all kicking off at 1900 and we may well see a bit of a rise and dip for the FTSE100 today - with the S&P500 being a bit more tentative.

To start with today I am expecting the bulls to continue their push and the second bounce off the 10590 level yesterday to try and recapture 10700. We are pretty close to that currently so I would actually like to see a test of the 10730 are where we have the key fib and the R1 level today. This is also just below the daily 25ema resistance at 10743, which would be the first test of that MA since it went bearish earlier this morth. As such this could well be a decent shorting level.

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