If you take a look at at the weekly timeframe you'll see US30 has been in a downtrend since February 2022. Stocks began to decrease significantly taking out 2021 higher lows where most people during the Covid began to invest heavily.
Now, in August 2022, if US30 can push past 33,462, the last lower high this could signal a positive opportunity for people who invest in stocks.
However, if price shows a bearish signal here, more downside could be seen.
I'd like to be hopeful in the scenario this index does present bullish opportunities.
If not, it's best to be prepared. I'll be watching this on the daily timeframe.
Thanks for reading.
Now, in August 2022, if US30 can push past 33,462, the last lower high this could signal a positive opportunity for people who invest in stocks.
However, if price shows a bearish signal here, more downside could be seen.
I'd like to be hopeful in the scenario this index does present bullish opportunities.
If not, it's best to be prepared. I'll be watching this on the daily timeframe.
Thanks for reading.
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