Breakout Scalp In The US30

It’s been a whipsaw morning on Wall Street, let by a 1% gain in the NASDAQ and negative action in the DJIA. For the US30, we have seen two key technical levels come into play:

Weekly EMA, 34,377
Weekly 62% Retracement, 34,491

A bullish breakout above 34,500 is possible as the weekly high is 34,504. Here is the trade:

1) Buy from 34,505
2) Stop loss at 34,489
3) Profit target at 34,521
4) 1:1 risk vs reward for 16 pips

This trade gains strength if 34,504 holds as the weekly high going into the Monday session.