US30 — Buyers attempting a comeback?

🚀Wall Street has started to recover after finding support near a key demand zone, but price is still trading inside a broader consolidation structure. Buyers have regained some momentum over the past sessions, although the market remains below a significant resistance area that could decide the next major directional move.

📈 Bullish scenario

If buyers manage to break above the current resistance zone, the recent recovery could develop into a stronger bullish continuation. A confirmed breakout would shift market sentiment in favor of the bulls and increase the probability of a move toward the next higher supply zone. As long as higher lows continue to form, buyers maintain a short-term advantage.

📉 Bearish scenario

If price fails to overcome resistance and starts losing momentum, sellers may step back in and push the index toward the major demand zone below. A breakdown beneath that support would invalidate the current recovery and could trigger a deeper corrective move.

For now, the market remains at an important decision point. The recent rebound shows improving buying interest, but confirmation above resistance is still required before expecting a sustained bullish continuation.

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US30 — Consolidation before the next move?

von TheZimpact