CandlesofKarma

US30 Weekly Forecast 10/16/22

Short
I think it is pretty safe to have a sentiment about US30 being bearish for this upcoming week. The Fed has yet to let up on the never-ending rate hike which is causing huge fundamental movements like the ones we have seen last week. We have hit a pretty strong supply area with a notable key level for U30. I definitely would like to reanalyze this pair in the middle of the week just in case more economic factors come into play. As a trader, you should always be able to change your analysis at a drop of a hat. :-)
Comment:
Currently @ retestable area.

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