Analysis : US30 is bullish from here. When there are so many talks of corrections in the market, i am for one, don't believe it will happen for a while.
US30 made the top on May 10. It seems to have completed the 1-2-3 corrective wave. As you can see, Wave 1 and 3 are equal in price range, but Wave 3 took a much longer time to get there and we call this "overbalanced' in time. Wave 3 finished right on Gann's seasonal date, June 21 -'Brilliant Gann"
There is a lot of time cycles displayed on the US30. June 7 and July 6 are 30 degrees apart. May 10 and Jul 8 are 60 degrees apart.
It looks unlikely US30 will go for a correction this time round and it may for sideways abit before heading higher.