US30 – Bearish Outlook Below 44,500 as CPI Looms
US30 rallied and successfully reached our resistance target, as expected in the previous analysis.
However, with today’s CPI release, the market is likely to see increased volatility. As long as the index trades below 44,500–44,570, the bias remains bearish, with downside targets at 44,210 and 43,960.
• If CPI prints below 2.6%, we may see a bullish breakout toward 45,100
• Above or equal to 2.6% supports continuation of the bearish move
However, we expect a 2.7% reading, driven by tariff-related price increases, which would support the bearish scenario.
US30 rallied and successfully reached our resistance target, as expected in the previous analysis.
However, with today’s CPI release, the market is likely to see increased volatility. As long as the index trades below 44,500–44,570, the bias remains bearish, with downside targets at 44,210 and 43,960.
• If CPI prints below 2.6%, we may see a bullish breakout toward 45,100
• Above or equal to 2.6% supports continuation of the bearish move
However, we expect a 2.7% reading, driven by tariff-related price increases, which would support the bearish scenario.
Trade active
US30 – New UpdateThe price dropped about 550 points, from 44,500, and has already reached our last support level at 43,960, just ahead of the CPI release, which came in at 2.7% as expected.
Now, the price is retesting the pivot zone at 44,075.
As long as it trades below this pivot, the bearish trend is likely to continue toward 43,960, and if broken, could extend further to 43,640.
Support Levels: 43,960 – 43,810 – 43,640
Resistance Levels: 44,140 – 44,210 – 44,360
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/
Related publications
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/
Related publications
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.