Eightcap

US30: Thoughts and Analysis post-CPI

Long
EIGHTCAP:US30   Dow Jones Industrial Average Index
Today's focus: US30

Pattern – Consolidation range
Support – 38,550
Resistance – 39,165

Hi, traders; thanks for tuning in for today's update. Today, we are looking at the US30 daily.
Yesterday's CPI didn't cause any serious moves but did show that inflation remains stubborn. Today, we have run over what we are watching on the US30 and the current main levels that are forming a price pattern.

Will we see a new test and break of resistance, or could we be in for further consolidation?

Good trading.

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