US30 Shows Resistance Rejection Signals Amid Trendline Vulnerability Build-Up

US30 Analysis – August 5

US30 is showing clear signs of resistance rejection amid a growing vulnerability along the trendline. The index has recently exhibited weakening bullish momentum, with price action struggling to break above the $45,100 resistance zone.

The MACD (Moving Average Convergence Divergence) histogram reflects a decline in bullish volume, while the signal line tilts downward, pointing to a potential shift in short-term sentiment. Price is also trading below the 9-day Simple Moving Average (SMA), which could act as dynamic resistance in the upcoming sessions. These developments suggest that bullish control is losing strength, raising the likelihood of corrective price action.

US30 Key Levels

Resistance Levels: $45,100, $47,000, $48,000
Support Levels: $42,880, $41,740, $38,400

US30 Long-Term Trend: Bearish

Structurally, the price faced firm rejection within a bearish order block between $44,800 and $45,100, which has functioned as a distribution zone. While earlier bullish order blocks at lower levels fueled upward rallies, this rejection zone aligns with a supply region. The response from this area suggests institutional profit-taking or a shift toward risk-off sentiment near previous highs. The inability to set a new high, combined with weakening MACD momentum, strengthens the case for a bearish continuation.

Given this confluence, the index appears set for a retracement toward lower support levels. The first target lies near the trendline support, followed closely by the horizontal demand zone at $42,880. A decisive break below these supports could lead to a deeper move toward the next structural pivot at $41,740. Unless price reclaims and closes above $45,100 with strong volume, US30 is likely to maintain its short-term bearish direction. Traders following forex signals may also find these levels significant for assessing broader market sentiment.

US30 Short-Term Trend: Bearish

In the short term, US30 continues to face resistance at the descending trendline, failing to break higher. Price remains below the 9-period SMA, indicating sustained downside momentum.

The MACD stays in bearish territory despite recent minor gains. A further breakdown could send the index toward the $42,880 support zone in the near term.

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