Technical alert: US30

3:20 PM August 6, 2020

Looking at the US30 index at M15 interval, one can see that the price bounced off the key support marked with the lower limit of 1:1 structure and previous price reactions, as well as 150-period moving average (26,950 pts). According to the Overbalance methodology, the mid-term trend was confirmed to be upward. If the current sentiment prevails, the upward move could be extended to fresh post pandemic highs.

US30 M15 interval. Source: xStation5

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