US30 | Technical Outlook
Market Structure
The Dow Jones (US30) remains in a well-defined bullish market structure on the higher timeframes. The daily chart continues to print higher highs and higher lows, confirming that the broader uptrend is still intact.
Recent price action reflects a healthy consolidation phase rather than trend weakness, following the strong impulsive rally that pushed the index toward fresh highs.
On the intraday timeframes (H1 & M15), price has pulled back modestly after testing the upper range, but selling pressure remains controlled and corrective in nature. Buyers continue to defend key structure levels, preventing any meaningful downside continuation.
Key Resistance Zone
The primary resistance is located around:
- $49,400 – $49,600 (recent swing highs / upper consolidation range)
This zone has capped upside attempts in the short term, leading to sideways price action. A clean breakout and sustained acceptance above $49,600 would likely trigger another bullish expansion toward new highs.
Key Support Zone
Immediate support is clearly defined at:
- $49,250 – $49,300 (intraday demand / structure support)
Additional downside support levels:
- $49,000
- $48,700 – $48,800 (strong higher-timeframe demand zone)
As long as price holds above $49,000, the bullish structure remains firmly intact.
Expectations
Bullish Scenario (Primary)
The prevailing bias remains bullish while US30 trades above $49,000.
A successful defense of the $49,250–$49,300 support zone could lead to renewed upside momentum, targeting:
- $49,600
- Extension toward new all-time highs upon breakout confirmation
Bearish Scenario (Alternative)
A deeper pullback would only be considered corrective unless price breaks and holds below $49,000.
A loss of this level could expose:
- $48,700 – $48,800
However, this scenario would still represent a pullback within the broader uptrend rather than a trend reversal.
Outlook
US30 continues to trade within a strong bullish framework, with recent price action reflecting consolidation near highs rather than distribution. Buyers remain in control while key support levels are respected. Unless the index decisively breaks below $49,000, the broader outlook favors trend continuation and renewed upside attempts.
