US30 Shows Weakening Momentum With Potential Downside Continuation

US30 Analysis – August 12

US30 is displaying signs of weakening momentum, indicating the possibility of continued downside movement. The index remains restricted below the $45,100 resistance zone, closely aligned with the 9-day SMA (Simple Moving Average) at $44,070, which is acting as a dynamic ceiling. The RSI (Relative Strength Index) is trending slightly below the neutral 50 mark, signaling reduced buying pressure and a potential shift toward sustained selling momentum. This combination of factors highlights a market environment where upward moves face significant resistance, a trend that traders may monitor alongside forex signals for additional confirmation.

US30 Key Levels

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

US30 Long-Term Trend: Bearish

The index has repeatedly failed to break decisively above the $45,100 supply zone, forming a lower high compared to the recent peak. The rejection from this resistance area, combined with the lack of sustained bullish momentum, indicates that sellers are regaining control. Additionally, the emergence of a potential short-term distribution phase suggests heightened downside risk.

If price action fails to reclaim $45,100, a pullback toward the $42,880 support is probable, with $42,220 acting as an intermediate cushion. A more pronounced decline could push losses toward $41,740, particularly if market sentiment continues to weaken. On the other hand, an unexpected bullish breakout above $45,100 could temporarily disrupt the bearish outlook, but such a move would need strong volume confirmation to be sustained.

US30 Short-Term Trend: Bearish

The overall market trend on the four-hour chart remains bearish. US30 is nearing a short-term swing high at $44,700. A buy-side liquidity grab at this level may trigger additional selling orders, reinforcing the bearish sentiment in the market.

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