Itskaleel

Itskaleel

Us30 has continued its bullish rally, breaking out above the 35600 level and previous highs. This is a strong indicator that us30s bullish momentum is not over and with economic data supporting this we could easily see price reach new All-Time-Highs. After last weeks bullish move us30 is now trading in a demand zone between 36000-36300, as buyers begin taking...

Itskaleel

As expected from the previous week, we've began to see price exhaustion occur as we enter the 35500-35600 range (previous highs, key demand zone) after the bull run. Its likely price will begin consolidating in that zone (white rectangle) before see either a rejection of this key level signified by a break below 35400 or a break above 35600 pushing price back up...

Itskaleel

It's been a while since I've done a US30 trades analysis & predictions but to get back into it we're gonna look from where I left off. Since August 2023 US30 has been in a steady downtrend till early October. This was a result of the FEDs not giving any clarity as to when rates would begin to decrease and other geo-political impacts. We then began to see some...

Itskaleel

Last week on US30 we saw price continue respecting the downtrend and break below 33000 after retesting the upper trend line to then continue back to 32600 key level. With price failing to break lower we rejected and broke out to the upside to end the week above 33600. Now that price is trading above 33600 we can now begin validating buys to 34000. Typically we'd...

Itskaleel

Last week on us30 we finally broke out of the 33500-33000 Higher Time Frame consolidation zone. We saw bearish candle closures below 33000 supporting our overall bearish bias, with that we saw the expected pullback picking up more seller orders before clearing the range to 32600. Then while failing to continue to break below that support level we ended the week...

Itskaleel

For the past couple of weeks, us30 has been experiencing exhaustion after testing 34000 key level but failing to break above, due to the greed from stock market buyers still holding positions and trying to squeeze as much profit as possible. We have been playing within that 33000-33500 range and showing a lot of indecision despite the overall bias being bullish. ...

Itskaleel

Last week volume on us30 began to slow significantly compared to the previous week with the rate hike decision. After ranging above key level 33500 we slowly made our way down to test 33150 once again before ranging between 33500-33150, failing to break above or below. This week our bias is still bearish due to the continued rate hikes and lack of FED pivot but...

Itskaleel

Last week was fairly volatile for us30. After starting the week with a slight fakeout above key level 34200, price rejected and flipped bearish pricing in the forecasted .25 bps interest rate increase. We then got a hawkish speech from FED speaker Powell which continued to push price down further to 33000 before stock market greed took over and we saw a reversal...

Itskaleel

Last week on us30, we got that expected pullback to 33200 key level failing to break below and immediately flipping bullish to end the week and month back at the 34000 area. 34000 is a key demand zone that has been visited every single April since 2021, causing this to be a very make or break area accompanied by all the economic data expected to be released this...

Itskaleel

For the past 2 weeks, us30 has just been in a consolidation period with very little volume which is surprising despite the economic that's been released. Any experienced trader knows these are the times you sit on your hands and instead of trading take the time to sharpen your skills. This week price has been ranging between 33700 and 33900 so until we either...

Itskaleel

Last week us30 began trading above 33700 after creating an order block below this level. As expected we saw price continue a steady uptrend to clear the range and test 34100. With lower than expected PPI and higher than expected unemployment claims to support this bullish momentum. This week so far price has rejected 34100 for the 2nd time so we can expect us30 to...

Itskaleel

Last week after us30 pushed all the way to 33500 key level we saw buyers begin to liquidate position in anticipation of the move simply being a short-lived bullish rally. We then saw price consolidate at this key level for the remainder of the week. This week we've already saw price break out of this consolidation zone towards the upside leaving us to assume that...

Itskaleel

Beginning last week us30 has been on a steady uptrend after a consolidation period at previous lows and a break above key level 32500. Price has cleared the range as expected and is now trading at key level 33500. The decline of USD and the optimism from the previous FED speeches have caused this rally and almost driven price back to previous highs. This week, our...

Itskaleel

Last week, we saw us30 breakout the intra-week range trading above 32250 as buyers dominated the market, hoping that the FED would pivot their hawkish narrative and bail out the falling banks. With FEDs later increasing rates by .25 which was expected and already priced into the market we saw a sell-off with price ending the week in the 32000 area. This week,...

Itskaleel

In the last two weeks, the US30 index broke below 32600 and continued its bearish trend, testing the 31800 level. This downward movement was triggered by a combination of factors including Powell's hawkish speech, the latest economic data, and the ongoing Silicon Valley Bank crisis, which all impacted market pricing. However, in the past week, the index has shown...

Itskaleel

Last week, the US30 index tested a key level of 32500, and despite bullish efforts to maintain strength, we were unable to break below it. Instead, we saw a slight relief rally to end the week at the 33400 level. As we entered the new week, our main bias was bearish, but we had to remain adaptive due to the upcoming FED speech and jobs data. Powell's hawkish...

Itskaleel

February proved to be an interesting month for US30. Throughout the majority of the month, we traded sideways, ranging directly below the key price sensitivity level of 34000. This level had previously caused price reactions, and as buyers began to liquidate positions due to fear and anticipation of continued rate hikes and bad economic data, price began to range,...

Itskaleel

Last week, US30 continued its bearish downtrend and tested a key level at 32500. As sellers began to liquidate their positions, we saw a decrease in volume, and price began to range. This week, with even lower volume, price continued to range at this key level in anticipation of fundamental US economic data to come. We are now seeing price push even deeper into...