Dow Jonex Index (US30): Technical Outlook

Many of you asked me to share the analysis on US30.

The market is currently stuck between 2 key levels.
33270 - 33500 is a key resistance.
32470 - 32500 is a key support.

The market formed an ascending triangle formation between them.

For now, the future direction of the market depends on a breakout.
A bullish violation of the underlined red resistance will push the price higher.
While a bearish breakout of a trend line of a triangle will initiate a bearish move at least to 32850.

Wait for a breakout, traders.
That will be your trigger.

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