US30 shows strong bullish confluences at the opening of the week, currently testing the resistance level at 42,900. Price is above above the 50 SMA and favors bullish momentum per the RSI above 55.
Potentially retracement towards the break and retest level at 42,400 where we could see a potential continuation of the bullish trend after the market collects enough liquidity.
This is support by fundamentals of the day being the cease fire between Iran-Israel. investor more comfortable taking risks and stepping back into the indices.
Potentially retracement towards the break and retest level at 42,400 where we could see a potential continuation of the bullish trend after the market collects enough liquidity.
This is support by fundamentals of the day being the cease fire between Iran-Israel. investor more comfortable taking risks and stepping back into the indices.
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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.