YM1 US30 - SMART MONEY BEARS? ððĨ DOW JONES ICT SET UP 4H
CBOT_MINI:YM1!
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As the bears stormed into the market following the release of the CPI data on the February, 13th of 2024, the impact was felt across the board. The surge in bullish sentiment propelled the market late afternoon New York session, causing a noticeable shift in momentum. Investors and traders alike found themselves navigating the fluctuations with keen interest.
Looking ahead, the question arises - will we maintain levels above 38,000 on the Dow Jones US30 index?
With substantial support levels and demand areas present in this region, the scenario seems promising. If the market can hold steady, we may anticipate price consolidating within the range of 38,100 to 38,500. This pivotal juncture will likely witness further market dynamics playing out, offering opportunities for bullish and bearish price action. If we canât hold we may continue to see sell-side liquidity sweeps towards 4h demand areas!
Looking ahead, the question arises - will we maintain levels above 38,000 on the Dow Jones US30 index?
With substantial support levels and demand areas present in this region, the scenario seems promising. If the market can hold steady, we may anticipate price consolidating within the range of 38,100 to 38,500. This pivotal juncture will likely witness further market dynamics playing out, offering opportunities for bullish and bearish price action. If we canât hold we may continue to see sell-side liquidity sweeps towards 4h demand areas!