The Dow is showing no clear direction right now.
Price hovered around the EMA21 and 52200 before slipping to the EMA63, and with the moving averages converging, consolidation looks likely.
Below 52200, expect more back and forth within the 51150-52200 range.
But a recovery above 52200 could open the door to a bullish push toward the next resistance at 53200.
Which way does US30 break? Would you buy or sell?
#US30
#DowJones
#MarketAnalysis
#TradingStrategy
#TechnicalAnalysis
Price hovered around the EMA21 and 52200 before slipping to the EMA63, and with the moving averages converging, consolidation looks likely.
Below 52200, expect more back and forth within the 51150-52200 range.
But a recovery above 52200 could open the door to a bullish push toward the next resistance at 53200.
Which way does US30 break? Would you buy or sell?
#US30
#DowJones
#MarketAnalysis
#TradingStrategy
#TechnicalAnalysis