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US30 Forecast & Analysis


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The US30 is nearing exhaustion with the MIDAS Top/Bottom Finder curve approaching its 100% burnout threshold. A retreat to the weekly cyclical support level is anticipated, and this pullback is expected to be limited to 1-3 time units.

US30 Daily.png

US30 Weekly.png

Edited by Carl-Gustav
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11 minutes ago, Carl-Gustav said:

US30

Dow edges off highs

The index continues to trim the gains made last week, with Wednesday’s session seeing its largest drop in a month as energy stocks fell sharply thanks to fresh declines in oil prices. However, for the moment a more sustained pullback has yet to develop. Upward momentum has faded, but the price remains above the August highs. Additional gains continue to target 36,570, and then on to the record highs at 36,954.

original-size.webpSource: ProRealTime
Chris Beauchamp | IG Chief Market Analyst, London | Publication date: 
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