📍 US30 Market Update – 07/10/2025
The bounce attempt failed and sellers are still in control 🐻
Price attempted a reclaim above 44,511 but got rejected again and is now consolidating beneath the EMAs 🚨
📊 What We’re Seeing:
Lower highs forming below 44,600
Rejection wicks near EMA levels (bearish pressure)
EMA ribbon is now resistance zone (20 EMA < 50 EMA)
Key intraday support held at 44,220, but barely
🔑 Key Levels to Watch:
🔼 Resistance: 44,511 → critical for bulls to flip
🔽 Support: 44,220, if broken → next is 44,000
💡 Trade Setup Ideas:
🔻 Short Setup (Main Bias):
Wait for rejection near 44,450–44,500
Entry trigger: Bearish engulfing or shooting star
Targets: 44,250 → 44,000
SL: Above 44,600
🔹 Long Setup (If Bulls Step In):
Must reclaim and close above 44,600 on 1H
Look for strong bullish candle with follow-through
Targets: 44,800 retest
SL: Below 44,400
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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.
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.