US30 OVERVIEW
Wall Street Rises on Fed Rate Cut Hopes and Geopolitical De-escalation
The Dow Jones (US30) remains under bullish pressure, supported by rising expectations of a Federal Reserve rate cut later this year and a ceasefire agreement between Iran and Israel, which has eased market tensions.
TECHNICAL OUTLOOK – US30
The price maintains a bullish bias as long as it trades above the pivot level at 42,810, with upside potential toward the key resistance at 43,210.
A short-term bearish correction is possible toward 42,810 or even 42,670, but the broader structure remains bullish above these levels.
Resistance Levels: 43,060 → 43,210 → 43,350
Support Levels: 42,670 → 42,420 → 42,160
A sustained break below 42,670 could signal deeper correction, while a clear move above 43,210 would confirm continued bullish momentum.
Wall Street Rises on Fed Rate Cut Hopes and Geopolitical De-escalation
The Dow Jones (US30) remains under bullish pressure, supported by rising expectations of a Federal Reserve rate cut later this year and a ceasefire agreement between Iran and Israel, which has eased market tensions.
TECHNICAL OUTLOOK – US30
The price maintains a bullish bias as long as it trades above the pivot level at 42,810, with upside potential toward the key resistance at 43,210.
A short-term bearish correction is possible toward 42,810 or even 42,670, but the broader structure remains bullish above these levels.
Resistance Levels: 43,060 → 43,210 → 43,350
Support Levels: 42,670 → 42,420 → 42,160
A sustained break below 42,670 could signal deeper correction, while a clear move above 43,210 would confirm continued bullish momentum.
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.