AlexBarclay
Long

US30 Wall Street Dow Jones At Support

OANDA:US30USD   US Wall St 30
We have returned to what has been an area of support during the current period of consolidation. We might see some buying from this level, assuming it holds.

Stochastic (34,3,3) is oversold too.

Although we are not seeing any clear signals from the US bond market. Yields have not risen, and there may be additional pressure due to political developments in Washington.

The question is, will this support level hold?
Trade closed: target reached: Felt target was reached close enough.

+120 point profit.
Comment: Additional info: When I bought this morning, the US10Y yield was down around -0.80%. The yield rose nicely by +0.80%, lifting the market along with it.

Wall Street has been consolidating for a few weeks. Looking for evidence in the price action that we may be about to break out, or not.
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