Read more
7:57 AM · 12 April 2022

Chart of the day - US30 (12.04.2022)

-
-
Open account Download free app

Wall Street indices took a hit yesterday as deteriorating economic outlook in China and tighter monetary conditions globally threaten growth. While tech stocks were hit the most, other sectors also dropped. Dow Jones index finished 1.19% lower and futures on the index (US30) continued to move lower later on. Today's CPI reading at 1:30 pm BST may put some pressure on equities should it show major acceleration as it will hint at the possibility of an even more hawkish Fed.

Taking a look at the US30 chart at H4 interval, we can see that the index moved to an interesting technical spot. US30 is currently testing a support zone ranging below 38.6% retracement of the upward move launched at the beginning of May. What's more, this zone also hosts the neckline of a head and shoulders pattern. Breaking below could therefore pave the way for a drop to as low as 78.6% retracement at 32,950 pts -  a textbook range of a downside breakout from the head and shoulders pattern.

Source: xStation5

30 January 2026, 6:09 PM

Three Markets to Watch Next Week (30.01.2026)

30 January 2026, 11:26 AM

Market wrap: European indices outperform US stocks ahead of the opening bell on Wall Street 📉

29 January 2026, 6:48 PM

Daily summary: Wall Street and precious metals try to rebound 📈Microsoft down 12%

29 January 2026, 3:12 PM

US Open🚨US100 slides almost 2% amid 11% Microsoft shares crash📉

Join over 2 000 000 XTB Group Clients from around the world

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits