US30: Volatile Day Ahead with Key Levels in Focus

US30 Technical Analysis

The price has reached our previously highlighted support level at 41,745, bouncing back toward resistance.

Currently, as long as trading remains below 41,970, we anticipate a downward trajectory toward 41,750, with further decline potential to 41,560 if breached. Additionally, news events are adding pressure to the outlook.

Bearish Scenario: Sustained trading below 41,970 may drive the price lower toward 41,750, and ultimately to 41,560.

Bullish Scenario: A break above 42,130 could reinforce a bullish trend, pushing prices to 42,290 and potentially to 42,450.

Today’s market is expected to be highly volatile due to the release of the NFP, Unemployment Rate data, and earnings reports, which will likely have a strong impact on indices.

Key Levels:
Pivot Point: 41970
Resistance Levels: 42130, 42290, 42450
Support Levels: 41750, 41560, 41350

Trend Outlook:
- Bearish by stability below 41970 and 41740
- Bullish by stability above 42130
- Consolidation 41970 and 41750

previous idea: