- US30 rebounds from the local support zone at 26700 pts handle
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The main trend remains upward
US indices are trading near theirs ATH. No bearish signals can be spotted on the charts at the moment. US30 rebounded from the support zone at 26700 yesterday and may be now eyeing a move towards the resistance at 27030. A break higher could trigger an upward move towards the next key area at 27440 pts. Note that sellers managed to defend this hurdle twice already - in July and August. Once the resistance zone at 27330 is cleared, upward move could accelerate. On the other hand, should the index turn lower, the support zone at 26400 pts could come into play. This level is marked with the lover limit of Overbalance structure and the 50% Fibonacci retracement.
US30 H4 interval. Source: xStation5
