Trump effect, US30 still on fire?Hello Traders and Investors
There is no doubt Trumps election into office set the stock market on fire as billions were poured into the markets and stocks skyrocketed astronomically. Last week we saw a 50% fib level major pullback of the initial price move which settled on a major 4H demand zone. The pullback has been met with alot of buying pressure at this major 4H demand level which has supported higher prices as sellers failed to drive the price lower.
There is a high probability price will continue to be bullish and push into the territory of all time highs as price has found adequate support to push higher.
Trade idea
Break and retest buy continuation, price has a good probability of reaching target of 44400.
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