Us Wall Street 30 (US30USD) Resumes Uptrend, Attempts to Break Level 28000

Key Resistance Zones: 28500, 29000, 29500
Key Support Zones: 26000, 25500, 25000

US Wall Street 30 (US30USD) Long-term Trends: Bullish
US Wall Street 30 is in an upward move. However, the uptrend has been interrupted as price consolidates below level 28000. Today, price is attempting to break the resistance level as the index moves up.

Daily Chart Indicators Reading:
The 21-day and the 50-day SMA are sloping upward. The price has risen to level 66 of the RSI period 14. The market is in an uptrend zone and it is above the centerline 50.

US Wall Street 30 (US30USD) Medium-term Trend: Bullish
On the 4-hour chart, the index is an upward move. In the August 20 uptrend, A red candle body tested the 0.382 Fibonacci retracement level. This candle body explains that the market will rise and reach the level 2.618 Fibonacci extension level. In other words, the index will rise to level 28400.

4-hour Chart Indicators Reading
US30USD is above 50 % range of the daily stochastic. This indicates that the market is a bullish momentum. The SMAs are sloping upward indicating the uptrend.


General Outlook for US Wall Street 30 (US30USD)
US30USD index is an upward move. The price is attempting to break level 28000. The index price movement will be accelerated if level 28000 is breached. Today, the index is rising and approaching the high of 28000.

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