US Wall Street 30 (US30USD) Breaks Level 28000, Resumes Uptrend

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. The uptrend has broken level 28000 and will continue the upward move. A large candle body tested the 50% Fibonacci retracement level. It indicates that the index will rise to reach level 32000.

Daily Chart Indicators Reading:
The 21-day and the 50-day SMA are sloping upward. The price has risen to level 75 of the RSI period 14. The market is in an uptrend zone and it is above the centerline 50. The index is in the overbought region.

US Wall Street 30 (US30USD) Medium-term Trend: Bullish
On the 4-hour chart, the index is on an upward move. In the August 25 uptrend, A red candle body tested the 0.618 Fibonacci retracement level. This candle body explains that the market will rise and reach the level 1.618 Fibonacci extension level. In other words, the index will fall to level 29086.

4-hour Chart Indicators Reading
US30USD is above 80 % range of the daily stochastic. This indicates that the market is in a bullish momentum. The SMAs are sloping upward indicating the uptrend. The index is in the overbought region.


General Outlook for US Wall Street 30 (US30USD)
US30USD index is in an upward move. The price has broken level 28000. A further upward move is likely. According to the Fibonacci tool the market will reach level 29000 and 32000 respectively.



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