US30 Intra-Week Analysis May 31st 2023

Last week on us30 we finally broke out of the 33500-33000 Higher Time Frame consolidation zone. We saw bearish candle closures below 33000 supporting our overall bearish bias, with that we saw the expected pullback picking up more seller orders before clearing the range to 32600. Then while failing to continue to break below that support level we ended the week back at 33000. This next week our overall bias is still bearish as long as we respect the formed downtrend. For continued sells we'd like to see price trading below 32600 otherwise buys above 33500.