US30 Is Positioned for Continued Upside as Bullish Momentum Builds

US30 Analysis – June 10

US30 is poised for continued upside as bullish momentum strengthens. The daily chart for US30 shows a strong convergence of key technical indicators that support a bullish outlook. The 9-day Simple Moving Average (SMA), currently hovering around $42,470, is acting as dynamic support just below the current price. Moreover, the MACD histogram remains above the zero line with a clear bullish crossover, reflecting persistent buying interest and upward momentum. These signals indicate that the bulls retain control in the short to medium term.

US30 Key Levels

Resistance Levels: $42,880, $45,100, $47,000
Support Levels: $41,740, $40,000, $38,400

US30 Long-Term Trend: Bullish

US30 recently rebounded from a significant order block near $41,740, which now acts as a strong support level. Following a sharp recovery from the $38,400 zone, the index has continued to form higher highs and higher lows. The price is currently consolidating just below the resistance level around $42,880, shaping an ascending triangle pattern. The bullish scenario remains intact as long as the price holds above the $41,740 support area.

Looking forward, US30 appears well-positioned for a breakout toward the next resistance at $45,100. Should momentum continue to build, the index could advance toward higher levels around $47,000 and $48,000 in the weeks ahead, driven by strengthening market sentiment and solid breadth. A decisive decline below $41,740 would warrant caution, though current indicators suggest this is unlikely. Both institutional investors and swing traders may consider increasing long positions on a confirmed breakout above $42,880, especially as reliable forex signals continue to reinforce the bullish case.

US30 Short-Term Trend: Bullish

US30 continues to show a bullish structure on the four-hour chart, with the price consistently making higher highs and higher lows. The market is currently consolidating just beneath the $42,880 resistance, forming a bullish continuation pattern.

The 9-period SMA, now at $42,760, is offering dynamic intraday support, while the MACD remains in positive territory, signaling ongoing bullish momentum. A breakout above $42,880 could pave the way toward the $45,100 zone in the near term.

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