The US30 has reached its all-time high and continues to gain, potentially targeting 40420. The momentum from earnings reports is expected to push the US30 to stabilize above 40420, aiming for 40940.
Current Outlook: The price is likely to consolidate between 40420 and 40060 until a breakout occurs, with the initial target being 40420.
Bullish Scenario: If the price touches 40420, it should stabilize above this level and close a 4-hour candle above it to maintain the bullish trend, targeting 40940.
Bearish Scenario: If the price fails to stabilize above 40420, it may trade between 40420 and 40060. A drop from 40420 to 40060 is possible.