US30 On the Hourly that is in Bullish (directional) Market Bias, a giant M-shaped pattern is forming.
The neckline formed earlier. With this third leg, it will be the second peak of the "M", heading towards the high of the Inside Day at 42,922 to possibly reach it. The 4th leg is typically a long bearish trend.
Take Profit to the Downside: 42,602 - Low of Inside Day for a Breakout 42,482 - Start of Tall S&R Zone
US30 trading makes sense when you are not trading to survive,never leave that job for trading this thing is for that extra cash don’t let social media fool you most of those traders are sales agents they live from selling courses I’m up 10% this week (5000$)I’m not feeling it coz I know I can lose it in a week…but the fact that’s I have the guaranteed salary from my job makes me be at ease.trade for fun not to survive ….hopefully that BAG will come
As we analyze the technical aspects of the US30, it is essential to consider the broader economic context. The upcoming week holds significant economic events that could impact the US30 index:
📈 Upcoming USD News:
Non-Farm Payrolls (NFP) Report: Scheduled for June 9, 2025. This report is crucial as it provides insights into employment trends in the U.S., which can influence market sentiment and the strength of the USD.
Consumer Price Index (CPI) Release: Expected on June 12, 2025. This report measures inflation and can affect monetary policy decisions, thereby influencing the equity markets.
These economic indicators are vital for traders as they can lead to increased volatility and affect the overall market direction.
Conclusion
In summary, the current analysis of the US30 index reveals a complex interplay of technical indicators and fundamental factors. As we approach key economic events, traders should remain vigilant and prepared for potential market shifts. By utilizing the outlined support and resistance levels, Fibonacci retracement levels, and EMAs, traders can enhance their decision-making processes.
In today’s analysis, we delve into the current state of the US30 market, reflecting on its live price of 42,455 USD. This report aims to provide traders and investors with a comprehensive understanding of the market dynamics through various technical indicators, including Fibonacci Retracement Levels, Exponential Moving Averages (EMA), RSI Divergence, and more. Our analysis will cover both the daily and 4-hour time frames, ensuring that we capture short-term fluctuations while also considering broader market trends.
Market Overview
The US30 index, which represents 30 of the largest publicly traded companies in the United States, has shown significant volatility recently. With a swing high of 42,704 and a swing low of 41,803, understanding the support and resistance levels is crucial for making informed trading decisions.
Current Market Price: 42,455 USD
Technical Analysis
Support and Resistance Levels
Daily Time Frame:
Support Level 1: 41,803 (Recent swing low) Support Level 2: 41,900 (Psychological level) Support Level 3: 42,000 (Key round number)
These levels are crucial for identifying potential reversal points and areas of interest for traders.
Exponential Moving Averages (EMA)
Daily Time Frame:
EMA 50: 42,210 EMA 100: 42,050 EMA 200: 41,800 EMA 400: 41,500
4-Hour Time Frame:
EMA 50: 42,350 EMA 100: 42,200 EMA 200: 42,000 EMA 400: 41,750
The EMAs provide insight into the overall trend direction. Currently, the price is above the 50 and 100 EMAs on both time frames, indicating a bullish trend.
RSI Divergence
The Relative Strength Index (RSI) is currently showing signs of divergence on the daily chart. While the price reached a new high, the RSI has not confirmed this move, suggesting potential weakness in the bullish momentum. Traders should watch for a potential pullback if the RSI fails to break above the 70 level.
Order Blocks
Order blocks identified on the daily time frame are as follows:
Bullish Order Block: 41,900 - 42,000 Bearish Order Block: 42,600 - 42,700
These order blocks represent areas where institutional buying or selling may have occurred, providing critical levels for traders to monitor.
MACD Analysis
The Moving Average Convergence Divergence (MACD) indicator is currently bullish, with the MACD line above the signal line. However, traders should be cautious of potential crossovers that could indicate a shift in momentum.
US30 For Swing Traders: Switching to the Daily that is in Bullish (directional) Market Bias, a Bearish Pressure Zone formed earlier this week to push the market down.
Take notice of the blue dotted line at the low of the bearish Spinning Top. It was placed there to indicate that if a bearish candle does not breach and "clear" past that blue dotted line, then there will be no follow through to the downside. A bullish candle showed up for the rally to resume.
Take Profit Projections to the Upside: 42, 598 - Start of the S&R Zone 42,704 - High of the Inside Day for a Breakout 42,819 & 42,874 - Swing Highs as Resistance Areas
US30 The 4-Hour is in Bearish (directional) Market Bias, but could flip to its opposite, once the bulls rise from the S&R Zone to cross above the Bullish Trendline (in green dotted line).
If that happens, the bulls can "sweep" away to breach all of the 7 Swing Highs (as dark purple lines) that seem bundled together.
Also, a Double Inside Day showed up on the Hourly, which signals that a BIG move is coming.
*Side Note: Each time the bulls breach a Swing High, the higher it goes, so if they manage to do a candle close on 7 Swing Highs, it will seem like an ongoing bullish trend.
US30 On the Hourly that is in Bullish (directional) Market Bias, a giant M-shaped pattern is forming.
