As we can see US30 had broken out of the range to the upside the same day of the announcement that interest rates a to remain steady. As you can see there were a few key moments where price was indicating that it was preparing to break out of the range. Could we see US30 continue to break out higher ?
Following the positive news from the Initial jobless claims, US30 has grabbed liquidity from Wednesdays lows and shot up later in the day. I reckon it we may be seeing some new all time highs since Nas100 has made some. S&P500 has not reached any all time hgihs just yet so I reckon till then, indexes will see a push towards the upside. also check out the DXY
As we can see, we might be witnessing a failed swing high on the higher timeframe. The only way this will be confirmed is if we break daily/ weekly strurctural lows and continue to fall. DXY seems bullish for the moment