US30 I mentioned two key prices this morning for today, the 1h settled on one price and the 4h candle launched from the second price, that means to me that wish to raise the index up to 24550 is strong. Also Nasdaq is performing even better to one way direction. So I am opening now my second long trade from here
US30 On the Hourly, if the bulls don't rise above the S&R Zone, they may drop from a retest of the Zone, then and do a deep pullback.
Based on the 4-hour timeframe, price action is moving within an Inside Day. The high of 41,975 has been rejected by the upper wicks of three candles, so a drop down can reach the upper level of a S&R Zone at 41,601.
A Big But: If the bulls manage to get above the S&R Zone, then they'll fill those wicks of the last two, tall candles and potentially head towards the take profit of 42,239.