US30 Overview
The Dow Jones surged over 500 points on Wednesday, supported by growing confidence that the Federal Reserve could restart its monetary policy easing cycle next month.
A softer CPI report, following weak non-farm payrolls, has strengthened the case for a September Fed rate cut.
Technical Outlook:
The price appears to be in a corrective move toward 44470 before resuming its bullish trend.
Below 44470, the bias turns bearish toward 44170.
A 1H close above 44610 would support a bullish move toward 44730 and 44950.
Support: 44470, 44360, 44170
Resistance: 44710, 44920, 45100
The Dow Jones surged over 500 points on Wednesday, supported by growing confidence that the Federal Reserve could restart its monetary policy easing cycle next month.
A softer CPI report, following weak non-farm payrolls, has strengthened the case for a September Fed rate cut.
Technical Outlook:
The price appears to be in a corrective move toward 44470 before resuming its bullish trend.
Below 44470, the bias turns bearish toward 44170.
A 1H close above 44610 would support a bullish move toward 44730 and 44950.
Support: 44470, 44360, 44170
Resistance: 44710, 44920, 45100
Trade active
US30 Overview | Update The price surged about 400 points yesterday, as anticipated, and now appears to be setting up for a correction from the all-time high near 45100 toward 44720–44610, driven by weaker PPI data for indices.
Technical Outlook:
A 1H close below 44950 would target 44720–44610.
A 1H close above 44970 would support bullish momentum toward 45100 and 45285.
Pivot: 44950
Support: 44810, 44710, 44610
Resistance: 45100, 45285
Technical analyst focused on gold, indices, and forex.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
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.
Technical analyst focused on gold, indices, and forex.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
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.