US30 – Technical Overview
Wall Street futures edged higher on Monday as traders prepared for one of the most closely watched—and divisive—Federal Reserve meetings in recent years.
Markets widely expect the Fed to deliver its long-awaited interest rate cut this week.
Last week’s delayed data showed moderate growth in consumer spending late in Q3, further boosting confidence that policymakers may prioritize supporting the labor market and reducing borrowing costs.
Technical Analysis
US30 continues to trade below 48020, indicating that bearish momentum remains in control.
As long as price stays under this level, the index is expected to move toward 47770 and 47460, with 47560 acting as an intermediate support.
A bullish reversal requires a 1H candle close above 48020, which would confirm a shift in momentum and open the way toward 48410 and potentially the ATH region.
Key Levels
Pivot Line: 48020
Support: 47770 · 47560 · 47460
Resistance: 48300 · 48410
Wall Street futures edged higher on Monday as traders prepared for one of the most closely watched—and divisive—Federal Reserve meetings in recent years.
Markets widely expect the Fed to deliver its long-awaited interest rate cut this week.
Last week’s delayed data showed moderate growth in consumer spending late in Q3, further boosting confidence that policymakers may prioritize supporting the labor market and reducing borrowing costs.
Technical Analysis
US30 continues to trade below 48020, indicating that bearish momentum remains in control.
As long as price stays under this level, the index is expected to move toward 47770 and 47460, with 47560 acting as an intermediate support.
A bullish reversal requires a 1H candle close above 48020, which would confirm a shift in momentum and open the way toward 48410 and potentially the ATH region.
Key Levels
Pivot Line: 48020
Support: 47770 · 47560 · 47460
Resistance: 48300 · 48410
Trade active
US30 – Technical OverviewUS30 has already dropped about 350 points, exactly in line with the previous analysis.
For today, the index continues to show bearish momentum while trading below 47850, with downside potential toward 47550.
As long as price remains under 47850, sellers maintain control.
A shift in momentum requires a 1H close above 47850, which would allow the market to move toward 48020.
A confirmed breakout above 48020 would turn the structure bullish, targeting 48410.
Key Levels
Pivot Line: 47850
Support: 47580 · 47460
Resistance: 48020 · 48410
Technical analyst focused on gold, indices, and forex.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Technical analyst focused on gold, indices, and forex.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.