From the chart above we can notice right of the bat the us30 has been trading in a tight zone between the indicated support and resistance and that is due to the indecision roaming around the market regarding the current delta variant situation or the effectiveness of the vaccine and not to mention the inflation knocking on the G7 nations door.
For the current situation i can see Us3o0 locked in the mentioned zone until tomorrow NFP data which i expect to be bad and thus pushing the dow johnes towards the trendline to then regain its momentum and rise back up and break the designated resistance due to the pass of the Stimulus package which will have an easy road to vote due to the fact that the NFP will be bad.
bottom line is short the dow till the trendline then buy it till above the rresistance
For the current situation i can see Us3o0 locked in the mentioned zone until tomorrow NFP data which i expect to be bad and thus pushing the dow johnes towards the trendline to then regain its momentum and rise back up and break the designated resistance due to the pass of the Stimulus package which will have an easy road to vote due to the fact that the NFP will be bad.
bottom line is short the dow till the trendline then buy it till above the rresistance