US30 Intra-Week Analysis Nov 8th

Nov 8, 2021

In the previous week we saw us30 continue bullish on a steady uptrend and sit strictly between the trend line until the friday which is when we saw a huge bullish breakout of the trend as a result of the NFP(None Farm Payroll) news. NFP typically has a big effect on price as its directly correlated to the US economy and comes out the first friday of every month. This week im looking to see us30 retest the 36100 area and begin creating a range at these ATH levels, bias is still bullish so i wouldnt expect a move much lower than that but will be using price action for confirmations as usually.