US30 – Short-Term Bearish Outlook
The US30 (Dow Jones Industrial Average) appears to be entering a short-term bearish phase, primarily driven by fading optimism around the US-China trade discussions. After initial momentum, investor sentiment is softening, leading to cautious positioning.
Market participants are awaiting Federal Reserve Chair Jerome Powell’s comments later today, which may offer clues on interest rate direction. Corporate earnings reports are also in focus and could increase volatility.
Technical Analysis:
If bearish momentum continues, a break below 41,500 could signal further downside toward 40,000.
You may find details in the chart Thanks for Supporting investors.
The US30 (Dow Jones Industrial Average) appears to be entering a short-term bearish phase, primarily driven by fading optimism around the US-China trade discussions. After initial momentum, investor sentiment is softening, leading to cautious positioning.
Market participants are awaiting Federal Reserve Chair Jerome Powell’s comments later today, which may offer clues on interest rate direction. Corporate earnings reports are also in focus and could increase volatility.
Technical Analysis:
If bearish momentum continues, a break below 41,500 could signal further downside toward 40,000.
You may find details in the chart Thanks for Supporting investors.
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Free Telegram Channel
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Related publications
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.