US30 Intra-Week Analysis July 13th 2022

13 ก.ค. 2022

Last week we got the bullish closure above 31k giving us the conformation for price to clear the range to 31400, reject, then continue to range between 31k and 31400 for the remainder of the week. This week as recession scares and FED rate increases continue to bring FUD to the markets we saw price breakout below this HTF consolidation zone and to now test 30500. Likely what we could see in the short term is for price to pull back slightly to 31k before continuing this bearish momentum to pre-pandemic lows. Otherwise closures above 31k expect further bullish moves. BUYS ABOVE 31K & SELLS BELOW 30500.