US Wall Street 30 (US30USD) Is in an Upward Move, Breaks Level 30000

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 uptrend is trading and has broken above level 30000. On November 6 uptrend; a retraced candle body tested the 78.6% Fibonacci retracement level. This indicates that the index is likely to rise and reach level 1.272 Fibonacci extensions. That is the high of 31179.60 but it will reverse.

Daily Chart Indicators Reading:
The 21-day and the 50-day SMA are sloping upward. The index has risen to level 63 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 on an upward ward move. It is trending upward but in a sideways trend. Today, the index has rebounded as price reached the previous highs.

4-hour Chart Indicators Reading
US30USD is below the 80 % range of the daily stochastic. This indicates that the market is in a bearish momentum but the stochastic bands are making a U-turn. The index is out of the oversold region. The SMAs are sloping upward indicating the previous uptrend.


General Outlook for US Wall Street 30 (US30USD)
US30USD index is an upward move. The index has broken level 30000. According to the Fibonacci tool, the market will rise and reverse at level 1.272 extensions or level 311863.20.



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