The weekly US30
chart shows price is at critical resistance from the most recent highs. There is some Bullish MACD
divergence, also plenty of room for both indicators to go higher. So I am leaning more bullish
. However, the volatility
in the equities market for the past 2 years has me somewhat skeptical. Blue arrows on the chart indicate possible price movement. I will wait for a bullish
breakout on high volume
before entering a trade. Ultimately, I do not see the volatility
of the markets calming down anytime soon, so what ever happens, it's going to be an interesting in the upcoming weeks.