US30 Wall Street Dow Jones At Support
We have returned to what has been an area of support during the current period of consolidation. We might see some buying from this level, assuming it holds.
Stochastic (34,3,3) is oversold too.
Although we are not seeing any clear signals from the US bond market. Yields have not risen, and there may be additional pressure due to political developments in Washington.
The question is, will this support level hold?
Stochastic (34,3,3) is oversold too.
Although we are not seeing any clear signals from the US bond market. Yields have not risen, and there may be additional pressure due to political developments in Washington.
The question is, will this support level hold?
Trade closed: target reached
Felt target was reached close enough. +120 point profit.
Note
Additional info: When I bought this morning, the US10Y yield was down around -0.80%. The yield rose nicely by +0.80%, lifting the market along with it. Wall Street has been consolidating for a few weeks. Looking for evidence in the price action that we may be about to break out, or not.
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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.