US30 Analysis
Quick Trade Idea.
Crazy bullish move we've seen Friday, even carrying into today. And I believe this move can continue for just a short period of time before we start to see the next wave of Bearish movement.
I have a hourly resistance i have marked off at 35,875, which in this case would be an area of liquidity because this is our last swing high.
This week we also have news Unemployment rate & Inflation/Cpi data. With the crazy number of new jobs they've put into the markets on NFP I truly believe we can see a rise in inflation just based off the fact alone that more jobs equals more wages needing to be paid - which increases inflation.
This is just my personal idea, Trade Safely!
Crazy bullish move we've seen Friday, even carrying into today. And I believe this move can continue for just a short period of time before we start to see the next wave of Bearish movement.
I have a hourly resistance i have marked off at 35,875, which in this case would be an area of liquidity because this is our last swing high.
This week we also have news Unemployment rate & Inflation/Cpi data. With the crazy number of new jobs they've put into the markets on NFP I truly believe we can see a rise in inflation just based off the fact alone that more jobs equals more wages needing to be paid - which increases inflation.
This is just my personal idea, Trade Safely!
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.