Tag: US30

Hey traders! Today, let's check out the US30 daily chart. Yesterday's CPI data shook the market, leading to heavy selling on stock indexes and risk currencies as investors sought refuge in USD.

The US30 is today's chart of focus, as we are seeing a similar situation to what we discussed in yesterday's Ethereum update.

Take a look at the US30 as we ask if it will continue to track higher despite being well off its moving average. We consider whether it will see a stall at resistance and previous highs if the price continues to increase.

Today, we look at the technicals and the price action of the US30 after yesterday’s selling set up a failed rally that could become a new lower high.