US30 Intra-Week Analysis
Last week as predicted we saw a huge 500 pip sell off rejecting the previous All Time High and breaking out of the previous 35200- 34800 range us30 was stuck in. After this stop hunt us30 continued bullish around 75 pips past previous ATH creating a new one. This week we could expect to see a slight continuation of this overall up trend if/after a rejection of the 34850 area which is a key resistance level based on daily, 4hr and 1 hr timeframes. We haven't been seeing very much volume from us30 the past couple weeks as the US economy has been holding very steady with not many economic factors impacting the market.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.