US30 - watch out for Break below 23.6% Fibo
Support - 17,538, 17,400, 17,327
Resistance - 17,770, 17,800, 17,980
The index could suffer another day end closing today below 17,538 (23.6% of Feb low - Apr high), which would open doors for a slide to daily 100-MA support around 17,344 levels.
A break below 23.6% Fibo usually translates into a drop to 38.2% Fibo as well.
On the higher side, a clear break above 18K is needed to signal bearish invalidation.
Resistance - 17,770, 17,800, 17,980
The index could suffer another day end closing today below 17,538 (23.6% of Feb low - Apr high), which would open doors for a slide to daily 100-MA support around 17,344 levels.
A break below 23.6% Fibo usually translates into a drop to 38.2% Fibo as well.
On the higher side, a clear break above 18K is needed to signal bearish invalidation.
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.