US30 Maintains Upward Momentum Toward Key Psychological Resistance Zone

US30 Analysis – October 21

US30 maintains upward momentum toward the key psychological resistance zone. The index continues to display strong bullish sentiment as price trades above the 9-day Simple Moving Average (SMA), reflecting sustained upward alignment in the broader market. The MACD histogram also highlights renewed buying activity, signaling increasing bullish participation. Strengthening momentum and consistent support from the moving average suggest that institutional demand remains firm around the mid-$46,000 range, reinforcing optimism across equity markets.

US30 Key Levels

Resistance Levels: $47000, $48000, $50000
Support Levels: $45090, $42880, $41740

US30 Long-Term Trend: Bullish

The market’s ability to maintain price action above the moving average reflects solid underlying support. The previous order block has continued to serve as a reliable foundation for renewed upward expansion, validating bullish resilience ahead of key resistance zones. From a technical perspective, price action has consistently respected the demand block near $46,000, where buyers have repeatedly entered to counter selling pressure.

Looking ahead, US30 appears set to approach the $47,000 resistance zone, with a possible extension toward $48,000 if bullish strength persists. A confirmed daily close above $47,000 would further reinforce the ongoing uptrend, indicating potential momentum toward the $50,000 psychological level. As long as the index sustains structure above $46,000, the bullish outlook remains dominant, supported by favorable technical alignment and insights drawn from forex signals that validate continued institutional accumulation.

US30 Short-Term Trend: Bearish

US30 sustains its bullish formation on the four-hour chart, with price trading above the 9-period moving average, indicating persistent upward momentum. The recent rebound from the order block near $45,500 confirms a strong demand zone that continues to underpin the rally.

A minor retracement toward $46,500 may serve as a healthy correction before buyers regain control. If bullish momentum remains intact, price is expected to retest the $47,000 resistance zone in the near term.

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