US30 Price Breakdown

31 Mar 2022

Today is the close of the monthly candle so price could continue to range. We have been in a 200 point range and haven't really made any major moves. It will be interesting to see how the monthly candle closes. Overall the trend is still bullish and it looks like price has taken a break from all of the bullish momentum throughout the month. If price respects and rejects from the major level of support, we can definitely continue the bullish momentum going into NFP tomorrow and the beginning of the new month. Waiting for NYSE open volume to determine entry points. Be aware of false breaks and the potential for more ranging price action.