JBShark

US30 : Intraweek Technical Analysis

After taking support from 29700 the Dow jones industrial average’s cash index is currently on a strong upward rally. The price action of US30 is expected to repeat the previous pattern where it kept rallying for more than 10 active sessions in the last days of june from 30600 to 32900. My idea for next week is to wait for the price action of US30 to get exhausted from upward move and then take short positions with target of the support of 31000 and 30000.
If you like this or if you think the opposite of this or if there is any other opinion, mention it in the comments. I am open to all kind of suggestions and critics

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