US30 Intra-Week Analysis Jan 23rd, 2024

Last week on us30 we expected rejection of the 37200 area, a bullish move to break above 37600 and continue to print new All-Time-Highs. At this key price point if we fail to continue to make new ATHs expect buyers to begin taking profits, leading to a short term corrective phase as the rate cut bets narrative begins to be phased out. If we fail to break below 37800 expect a retest of the previous ATH before potential sells.