Today is a new month and price is still looking bullish. Yesterday we made new highs and price keeps respecting the EMAs for a bullish continuation. Price has already formed support in Premarket open to possibly retest the highs created from yesterday.
Keep in mind that today is PMI News at 10am so Market could get wild around market open today. Be Patient and as always wait for a confirmation for entry. If price starts to break its lows, there is a possibility that we can retrace some of the bullish move from yesterday. I know that US30 loves to retrace big spikes that happen in the market before continuing in its true direction, so don't be too surprised if the market opens bearish before reversing to continue bullish.
1. Price created high yesterday
2. Price formed support and is currently going bullish to retest the highs
3. If price can continue bullish leading up to market open, there is a chance that it can break and close above to continue bullish at least until 35245
4. IF price decides to go bearish, a break below 34950 could be a clean sell to 34840
*Thank you in advance for the support!
Keep in mind that today is PMI News at 10am so Market could get wild around market open today. Be Patient and as always wait for a confirmation for entry. If price starts to break its lows, there is a possibility that we can retrace some of the bullish move from yesterday. I know that US30 loves to retrace big spikes that happen in the market before continuing in its true direction, so don't be too surprised if the market opens bearish before reversing to continue bullish.
1. Price created high yesterday
2. Price formed support and is currently going bullish to retest the highs
3. If price can continue bullish leading up to market open, there is a chance that it can break and close above to continue bullish at least until 35245
4. IF price decides to go bearish, a break below 34950 could be a clean sell to 34840
*Thank you in advance for the support!