As I said in previous week’s intraweek technical analysis of US30, the price is going to test the support of 31200 before more any clear trend. the price did tested the support of 31200, before that the price made a false breakout extending to 32600. But ultimately the US30 lost almost all of its gains after disappointing financial results from leading retail store companies like ross and target pulled the index down. US30 made a false breakdown way below 31200 upto 30600. From where we saw huge buying volume.
In coming week we have financials of the following giants along with other companies Zoom, Intuit, Trip.com , NVIDIA (25th may 22) ,Alibaba and Baidu.
My idea is that US30 will remain in stress until all the financials are announced. My idea is entry below 31000 for long positions after a pull back is confirmed and entry at 31600 after a rejection is confirmed.
If you like this or if you think the opposite of this or if there is any other opinion, mention it in the comments. I am open to all kind of suggestions and critics
In coming week we have financials of the following giants along with other companies Zoom, Intuit, Trip.com , NVIDIA (25th may 22) ,Alibaba and Baidu.
My idea is that US30 will remain in stress until all the financials are announced. My idea is entry below 31000 for long positions after a pull back is confirmed and entry at 31600 after a rejection is confirmed.
If you like this or if you think the opposite of this or if there is any other opinion, mention it in the comments. I am open to all kind of suggestions and critics