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Dow Jones Index (US30): Very Bearish Outlook 📈

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Hey traders,

After a 1-month long consolidation, US30 broke and closed below key daily structure support.

Taking into consideration that the market is trading in a long-term bearish trend,
chances are high to see a bearish trend continuation next week.

Next goal for sellers is a 32200 - 32700 demand cluster.

I will post an update once I open a short position.

❤️If you have any questions, please, ask me in the comment section.
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Note
Check my new analysis on GOLD:
GOLD (XAUUSD): Two Potential Scenarios Explained🥇
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Candlestick AnalysisDOWdowjonesElliott WaveS&P 500 E-Mini FuturesFundamental AnalysisindexesS&P 500S&P 500 (SPX500)US30

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Candlestick AnalysisDOWdowjonesElliott WaveS&P 500 E-Mini FuturesFundamental AnalysisindexesS&P 500S&P 500 (SPX500)US30
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✅Join My Telegram Channel: t.me/VasilyTrading

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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.