Us30 Intra-Week Analysis March 19th, 2024

19 Mar

Us30 has just been consolidating at these highs for the past couple weeks, while still maintaining this bullish market structure. Last week with CPI coming in fairly neutral we saw another retest of the previous All-Time-High before coming back down to test 38650, respecting this lower time frame uptrend. With continued rate cut bets holding wait and decreasing economic data, we can expect stock market greed to be a factor with buyers squeezing more profits before seeing any major downside in the short term. If price can hold above 38800 or 39000 expect another retest of the ATH and potentially even begin trading above.