Short
US 30: Intraday Technical Analysis
The US30 continued its upward momentum on the first day of the week. The index opened at 32245 and closed at 32450 with an intraday high of 32526 and intraday low of 32139. The index is continuously moving in an upside direction with low volumes in a hope that the US inflation data will continue to improve and maintain the industry expectation. The bears are waiting for the data to make an entry. Therefore currently all sellers are out of the market. My idea is that the US30 will make a sharp move towards upside in an attempt to break 33000.technically the US30 is at a strong trend line which is coming from the recent high of 34000. If this trendline is broken towards upside and sustained then our next entry for short will be at 34000. From where it will get rejection and then it will change its course towards downside in order to adjust itself before the interest rate announcement due at the end of this month. My target is going short on all key levels with initial target of 31500 and final target of 31000.
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If you like this or if you think the opposite of this or if there is any other opinion, mention it in the comments. I am open to all kind of suggestions and critics
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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.