US30 (HUGE VOLATILITY WILL COME)
US30 New Forecast
Today, the market is poised on the brink of significant movement in response to the Federal Open Market Committee's (FOMC) announcement, with inflation rates being the key focus. Should the inflation outcome surpass the anticipated rate of 3.4%, it suggests a downward trajectory for indices, indicating a bearish market sentiment. Conversely, a figure below 3.4% signals a positive inflation outlook, potentially sustaining a bullish trend in the market.
The market witnessed a price reversal that reached the critical resistance level of 39,000. For a bullish trend to commence, this threshold must be breached, setting the stage for an upward trajectory towards 39,180 and potentially extending to 39,460.
However, should trading persist below 39,000, it is anticipated that a downward movement will ensue, targeting bearish milestones at 38,750, 38,560, and further down to 38,380. Amid the inflation results, the US30 market is expected to exhibit heightened volatility, prepared to undertake significant shifts.
Pivot line: 39000
Resistance Prices: 39190 & 39460 & 39620
Support Prices: 38760 & 38565 & 38380
The movement range will be between support 38100 and Resistance 39290
Today, the market is poised on the brink of significant movement in response to the Federal Open Market Committee's (FOMC) announcement, with inflation rates being the key focus. Should the inflation outcome surpass the anticipated rate of 3.4%, it suggests a downward trajectory for indices, indicating a bearish market sentiment. Conversely, a figure below 3.4% signals a positive inflation outlook, potentially sustaining a bullish trend in the market.
The market witnessed a price reversal that reached the critical resistance level of 39,000. For a bullish trend to commence, this threshold must be breached, setting the stage for an upward trajectory towards 39,180 and potentially extending to 39,460.
However, should trading persist below 39,000, it is anticipated that a downward movement will ensue, targeting bearish milestones at 38,750, 38,560, and further down to 38,380. Amid the inflation results, the US30 market is expected to exhibit heightened volatility, prepared to undertake significant shifts.
Pivot line: 39000
Resistance Prices: 39190 & 39460 & 39620
Support Prices: 38760 & 38565 & 38380
The movement range will be between support 38100 and Resistance 39290
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~6 analyses per day. With a clear entry point
more than 1000 pip per week —— Accuracy +88%
SM World and Economy News 24/7
Urgent News ⚡️:
t.me/SM_News_24h
breaking 38110 will support a more bearish