US30: Flash pump not enough to break resistanceSPREADEX:DJI Analysis – Weak flash pump signals a possible pullback ahead.
📊 Technical Overview
On the 30-minute timeframe, Wall Street (US30) has recently shown a quick rebound — a flash pump — after a strong flash dump earlier in the week. Price is now trading near the 46,400 – 46,500 area, right below the major resistance zone between 46,600 – 46,750 (highlighted in green).
Below, the support range around 46,050 – 46,200 (marked in red) remains the key demand area.
⚙️ Market Structure Insight
The recent flash pump recovered quickly from the previous drop, but the momentum appears insufficient to break through the prior flash dump zone. This imbalance often indicates a short-term exhaustion in buying pressure, meaning the market could need one more corrective leg before finding new strength.
🧭 Main Scenario
The most likely scenario is that price will move sideways or slightly pull back toward the 46,200 support zone before deciding its next major move.
• If buyers defend 46,200 successfully, the index could attempt another test of 46,700.
• However, failure to hold that support might open the door to a deeper correction.
💡 Personal View
The weak flash pump following the previous flash dump signals that the market is still in a consolidation and absorption phase. A short-term pullback could help reset momentum before a more sustainable trend emerges.
⛔ This analysis represents a personal technical perspective and should not be taken as investment advice. Always manage your risk before entering any position.
Please like and comment below to support our traders. Your reactions will motivate us to do more analysis in the future 🙏✨
Harry Andrew @ ZuperView
