US30 | Daily Technical Outlook
Market Structure
The US30 Index remains in a strong bullish structure on the higher timeframes, continuing to print higher highs and higher lows. The recent upside expansion pushed price toward fresh highs near $50,300, where the market is currently consolidating.
On the lower timeframes, momentum remains positive with price holding above key moving averages, suggesting that the broader trend remains intact despite short-term consolidation near resistance.
Key Resistance Zone
Immediate resistance is located at $50,300 – $50,500, the recent swing high area.
Additional resistance levels:
- $50,800
- $51,000 (psychological and extension level)
A sustained break above $50,500 would confirm bullish continuation and open the path toward higher extension targets.
Key Support Zone
Immediate support is seen at $50,000 – $49,900, which now acts as short-term demand.
Below that, key support levels to monitor:
- $49,500
- $48,800 – $48,600 (major H4 structural support and prior breakout zone)
A breakdown below $49,500 would signal a deeper corrective move within the broader uptrend.
Expectations
Bullish Scenario (Primary)
As long as price holds above $49,900, the structure favors continued upside.
A break above $50,500 could trigger momentum toward $50,800 and potentially $51,000.
Bearish Scenario (Alternative)
Failure to sustain above $50,000 may lead to a pullback toward $49,500.
A break below $49,500 would expose $48,800, where buyers may attempt to regain control.
Outlook
US30 remains structurally bullish on the daily timeframe, with price consolidating just below record highs. While short-term pullbacks are possible, the broader trend remains positive unless the index breaks below $49,500. A breakout above $50,500 would reinforce bullish continuation toward new highs.
