7:09 PM · 17 February 2021

Technical analysis: US30

Today's pullback in the US stock market did not cause much panic. Looking from a technical point of view at the Dow Jones (US30) index, the correction once again stopped at the lower limit of the 1: 1 structure, which proves that the bullish sentiment persists. Even if this level was negated in the near future, only a break below the support zone at 31,150 pts would invalidate the bullish scenario and the downward correction could deepen.

US30, H4 interval. Source: xStation5

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