Technical Analysis – US 30 index pulls back from 5½-month high
Posted on August 14, 2020 at 9:24 am GMTThe US 30 index has been in an upside tendency since March 23, reaching a new five-and-a-half month high of 28,180. The price is standing above the ascending trend line and the long- and short-term simple moving averages (SMAs), and the MACD oscillator is still holding above the trigger and zero lines. However, the RSI is returning lower after the bounce off the 70 level. A decline below the 27,639 support could open the way for a retest of the [..]