🌐Macro Background
U.S. stocks surged to record highs, fueled by robust corporate earnings, a historic four-day semiconductor rally, and falling crude oil prices. Market sentiment spiked after Treasury Secretary Scott Bessent signalled a potential near-term agreement to reopen the Strait of Hormuz, easing inflation fears and moderating Federal Reserve rate-hike expectations.
Despite the optimism, investors remain cautious ahead of Friday’s U.S. Nonfarm Payrolls (NFP) report. Markets will closely monitor whether oil prices remain suppressed and if the AI trade can sustain its recovery following a month of high volatility.
📊Technical Structure
The index exhibits a powerful impulse rally, penetrating directly into a well-defined ascending trend channel.
Resistance Zone (54,557 – 54,796)
Support Zone (53,811 – 53,994)
Channel Midline: Price is currently oscillating near the middle channel boundary around the 54,300 region, demonstrating strong bullish momentum following the recent parabolic expansion.
🎯Trade Setup
Look to enter long positions on pullbacks toward the 53,811 – 53,994 support zone, targeting primary upside resistance levels at 54,557 and 54,796.
❌Invalidation
A breakdown below the bottom of the Support Zone (53,811) would invalidate the ascending channel structure.
📝Trade Summary
US30 maintains a bullish setup targeting upside resistance at 54,557 – 54,796 off the 53,811 – 53,994 support zone, with the trade invalidated on a 4-hour close below 53,811.
⚠️Disclaimer
This analysis is for reference only and does not constitute trading advice. Financial markets involve significant risk; proper risk and position management are essential.
U.S. stocks surged to record highs, fueled by robust corporate earnings, a historic four-day semiconductor rally, and falling crude oil prices. Market sentiment spiked after Treasury Secretary Scott Bessent signalled a potential near-term agreement to reopen the Strait of Hormuz, easing inflation fears and moderating Federal Reserve rate-hike expectations.
Despite the optimism, investors remain cautious ahead of Friday’s U.S. Nonfarm Payrolls (NFP) report. Markets will closely monitor whether oil prices remain suppressed and if the AI trade can sustain its recovery following a month of high volatility.
📊Technical Structure
The index exhibits a powerful impulse rally, penetrating directly into a well-defined ascending trend channel.
Resistance Zone (54,557 – 54,796)
Support Zone (53,811 – 53,994)
Channel Midline: Price is currently oscillating near the middle channel boundary around the 54,300 region, demonstrating strong bullish momentum following the recent parabolic expansion.
🎯Trade Setup
Look to enter long positions on pullbacks toward the 53,811 – 53,994 support zone, targeting primary upside resistance levels at 54,557 and 54,796.
❌Invalidation
A breakdown below the bottom of the Support Zone (53,811) would invalidate the ascending channel structure.
📝Trade Summary
US30 maintains a bullish setup targeting upside resistance at 54,557 – 54,796 off the 53,811 – 53,994 support zone, with the trade invalidated on a 4-hour close below 53,811.
⚠️Disclaimer
This analysis is for reference only and does not constitute trading advice. Financial markets involve significant risk; proper risk and position management are essential.
ATFX is a globally regulated, award-winning fintech broker offering customer support in 20 languages.
👉🏼Start your trading journey with ATFX: bit.ly/3mLMPHz
👉🏼Start your trading journey with ATFX: bit.ly/3mLMPHz
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.
ATFX is a globally regulated, award-winning fintech broker offering customer support in 20 languages.
👉🏼Start your trading journey with ATFX: bit.ly/3mLMPHz
👉🏼Start your trading journey with ATFX: bit.ly/3mLMPHz
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.