US 30 Continues Its Bullish Drift

Market Analysis – September 13

US 30 continues its bullish drift. The stock market has been witnessing a bullish drift, with buyers showing strong momentum and making consistent gains. The buying activity has been robust, indicating positive sentiment among investors. If this upward trend continues to strengthen, there is a possibility of a breakthrough at the key level of 35182.00.

US 30 Important Zones

Resistance Zones: 35758.00, 35182.00
Support Zones: 34334.00, 34005.00

US 30 Long-Term Trend: Bullish

Previously, the bulls attempted to push the price higher, reaching a significant level of 35182.00. However, some traders took the opportunity to book short-term profits. This, however, causes a temporary pullback to the 34005.50 level. Despite this setback, the bulls quickly regained control and pushed the price back up towards the key zone. This indicates their determination to make further progress in the market.
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The emergence of sell traders led to a brief decline in price, bringing it down to the significant zone of 34334.50. However, the bulls have once again made their presence felt since last week. They remain committed to intensifying their pace and sustaining the upward momentum.
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The Relative Strength Index (RSI) is crossing above the 50.00 level. This may suggest that buyers may further fuel their momentum and generate more gains. Although buying liquidity has slightly decreased on the daily chart, the bulls are still determined to make their mark.

US 30 Short-Term Trend: Bullish

On the 4-hour chart, we can see that the bullish market remains intact despite occasional interference from sell-side traders. In the short-term timeframe, the momentum is still on the rise, indicating a positive outlook for US 30. The market shows promising potential for further upward movement. The strong buying activity, coupled with the determination of the bulls, suggests continued growth.

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