US30 – Bears Eye 46,000 Ahead of Key GDP ReleaseUS30 – Overview
The Dow Jones remains under bearish momentum as traders await the key U.S. GDP report.
Markets expect a sharp rebound from the previous -0.5% reading to around 3.3%.
A stronger-than-expected result would likely pressure US30 lower, while a print closer to 2.0% could spark volatility and choppy price action.
Technical View
Bearish Scenario:
Price is expected to test 46,000 first.
🔻 A confirmed 1H close below 46,000 would extend the bearish trend toward 45,680 → 45,520.
Bullish Scenario:
If price stabilizes above 46,120, US30 is likely to consolidate within the 46,120 – 46,300 range.
A confirmed breakout above 46,300 would open the way toward 46,400 → 46,620.
Key Levels
Pivot: 46,120
Resistance: 46,300 – 46,400 – 46,620
Support: 46,000 – 45,680 – 45,520
The GDP release will be the main driver.
Above 46,120: consolidation with bullish attempts.
Below 46,000: continuation of the bearish trend toward deeper supports.
