US30: Thoughts and Analysis post-CPI
Today's focus: US30
Pattern – Consolidation range
Support – 38,550
Resistance – 39,165
Hi, traders; thanks for tuning in for today's update. Today, we are looking at the US30 daily.
Yesterday's CPI didn't cause any serious moves but did show that inflation remains stubborn. Today, we have run over what we are watching on the US30 and the current main levels that are forming a price pattern.
Will we see a new test and break of resistance, or could we be in for further consolidation?
Good trading.
Pattern – Consolidation range
Support – 38,550
Resistance – 39,165
Hi, traders; thanks for tuning in for today's update. Today, we are looking at the US30 daily.
Yesterday's CPI didn't cause any serious moves but did show that inflation remains stubborn. Today, we have run over what we are watching on the US30 and the current main levels that are forming a price pattern.
Will we see a new test and break of resistance, or could we be in for further consolidation?
Good trading.