BREAKING: Wall Street retreats from records

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After 3:00 GMT we could observe increased volatility in the stock market. The main stock indices were under pressure, but currently a large part of the movement has been erased. It seems that temporary nervousness was caused by the WHO, which recommended Astrazeneca vaccine for adults over 18, and that subsequent doses should be taken 8-12 weeks apart, which should improve their effectiveness. Meanwhile Germany said that the EU will have to look at further sanctions against Russia. German Foreign Minister said that cancelling Nordstream 2 would push Russia closer to China.

Technically looking at the US30, the index fell to the key support at 31,150 points, where buyers reappeared. The zone marked in green resulted from the earlier peaks and the lower limit of the 1: 1 structure. According to the classic technical analysis, as long as the price sits is above, the main trend remains upward. Only breaking below it could lead to a deeper correction.

US30 interval H4. Source: xStation5

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