US 30 index

Technical Analysis – US 30 index pauses negative move at 100-day SMA

Posted on September 25, 2020 at 9:31 am GMT

The US 30 (cash) index found support at the 100-day simple moving average (SMA) and the 23.6% Fibonacci retracement level of the upward wave from 18,145 to 28,187 at 26,598 on Thursday. The technical indicators are still located in bearish area, with the MACD stretching further below its trigger line and the RSI moving below its neutral threshold of 50. Yet, the latter could also be an indication that the rally is overdone, and hence negative corrections should not be a surprise in coming sessions. [..]

Technical Analysis – US 30 index rebounds on 50-day SMA; bullish mode still active

Posted on September 18, 2020 at 8:53 am GMT

The US 30 index has rebounded somewhat after falling to THE 50-day simple moving average (SMA) but momentum indicators now suggest that market sentiment might get worse before getting better again as the RSI is flattening near the neutral threshold of 50 and the MACD is holding below its trigger line near the zero level. If the price manages to hold above 27,324 the index may rest around the 29,210 resistance. A decisive close above the latter could reach the [..]

Technical Analysis – US 30 index dives after reaching 1-month high again

Posted on July 24, 2020 at 9:59 am GMT

The US 30 cash index is tumbling over the last couple of sessions in the 4-hour chart, penetrating the 50-period simple moving average (SMA) and moving towards the 100-period SMA. From the technical viewpoint, the RSI is falling beneath the neutral threshold of 50, while the MACD is losing momentum below its trigger line. More losses could take the index towards the 38.2% Fibonacci retracement level of the up leg from 24,556 to 27,171 at 26,174, which overlaps with the [..]

Technical Analysis – US 30 index loses momentum in short term

Posted on July 10, 2020 at 10:14 am GMT

The US 30 cash index has been on the sidelines over the last month as the 26,410 resistance level seems to be a real struggle for the bulls. Technically, the price could lose some ground in the short-term as the MACD is changing direction to the downside below the zero line, while the RSI is holding beneath the neutral threshold of 50 but is pointing up. A rebound on the 25,560 support and a rise above the simple moving averages (SMAs) could [..]

Technical Analysis – US 30 index fails to improve the bullish picture

Posted on May 22, 2020 at 9:52 am GMT

The US 30 index is creating a sideways channel with an upper boundary the 24,913 resistance and lower boundary the 22,900 support. The index is still developing above the 50-day simple moving average (SMA), however, the MACD oscillator is flattening in the positive region and the RSI is approaching the neutral region, endorsing the neutral mode in the short-term. Should the index make another run lower, it’s likely to meet support at the 50.0% Fibonacci retracement level of the downward wave [..]

Technical Analysis – US 30 index opens with gap down; flirts with 4-month low

Posted on June 3, 2019 at 12:33 pm GMT

The US 30 index futures opened with negative gap today below the 38.2% Fibonacci retracement level of the upward movement from the 16-month low of 21,596 to the 6-month high of 26,712 near 24,754. The index is on the back foot, recording more than four-month low (24,606), and the technical indicators suggest that the market could ease a little bit more in the short-term; the MACD is falling in the negative zone, while the RSI looks to be losing momentum near oversold [..]

Technical Analysis – US 30 index eases inside Ichimoku cloud; fails to improve

Posted on May 20, 2019 at 1:01 pm GMT

The US 30 index is trading below the six-month high of 26,712, struggling within the Ichimoku cloud and the between the 50- and 200-simple moving averages (SMAs). The index is on the back foot and the technical indicators suggest that the market could ease a little bit in the short-term; the MACD is flattening in the negative zone, while the stochastic looks be losing momentum. In case of a correction lower, preliminary support may be initially found near 25,500 which is where the 23.6% Fibonacci retracement [..]

Technical Analysis – US 30 index bulls still have control; flirts with 6-month high

Posted on April 15, 2019 at 1:18 pm GMT

The US 30 index is hovering slightly below the six-month high of 26,496, remaining well above the ‘golden cross’ between the 50- and 200-day simple moving averages (SMAs). Today, though, the index is on the backfoot and the technical indicators suggest that the market could ease a little bit in the short-term. The RSI is flattening in the positive zone, while the MACD stands below its trigger line. In case of a correction lower, preliminary support may be found near the 50-day SMA currently at 25,822 as well [..]

Technical Analysis – US 30 index stands above ‘golden cross’; indicators signal weakness

Posted on March 18, 2019 at 12:32 pm GMT

The US 30 index recorded a bullish signal in the previous week, completing a golden cross within the 50- and the 200-simple moving averages (SMAs) in the daily timeframe. Today, though, the index is on the backfoot and the technical indicators suggest that the market could ease a little bit in the short-term. The stochastic oscillator is ready for a bearish cross in the overbought zone, while the MACD remains below trigger line. In case of a correction lower, preliminary support may [..]

Technical Analysis – US 30 index completes in new 3-month high; momentum indicators look overbought

Posted on February 25, 2019 at 1:04 pm GMT

The US 30 index has been in a flying mode, recording a new three-month high of 26,179 after the rebound on the 16-month low of 21,596 on December 26, successfully surpassing the 50- and 200-simple moving averages (SMAs) in the daily timeframe. This implies that the short-term picture remains positive, albeit cautiously so, with a break above the all-time high of 26,951 needed to confirm that the bulls are in full control. However, the technical indicators are holding in overbought [..]

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