US30: Bearish Momentum Continues - Targeting Lower Levels on Swing Trade
US30ShortSwing2d ago2 views
Trade Setup
Entry Price
44117.00
Stop Loss
44501.00
Take Profit
43349.00
Risk : Reward
1 : 2.00
RiskReward
Current Market Posture & Trend Confirmation
Alright team, let's take a close look at the US30 (Dow Jones 30) today. The data is compelling, showing a clear bearish tilt. We're currently sitting around 44040.1, which is down -159.9 points (-0.36%) over the last 24 hours. This reinforces the overarching bearish trend I've been tracking, and as you know, "the trend is your friend." The daily range has been from 43800.25 to 44279.95, indicating a struggle for bulls to maintain higher ground. We've seen resistance come in strongly, pushing prices back down from the higher end of that range. This setup really screams for a continuation to the downside, especially given the broader market sentiment leaning risk-off.
Technical Setup & Entry Strategy
My analysis points to a short opportunity on the US30 with a swing trade horizon. We're seeing key resistance levels at 44100 and 44150 acting as strong overhead barriers. My plan is to enter a short position
Comments