US30 Technical Outlook
Market Overview
The US30 is trading in a post-selloff consolidation phase after the sharp bearish impulse seen earlier in the session. The initial drop broke short-term bullish structure, shifting momentum into corrective mode.
Price is now attempting to stabilize, with buyers stepping in near a key intraday support zone. However, the broader structure remains neutral-to-bearish unless price reclaims higher resistance levels.
Key Resistance Levels
US30 is currently capped below a critical resistance area:
- 48,360 – 48,450
This zone aligns with:
- The breakdown area after the sharp selloff
- The descending short-term moving averages
A sustained break and hold above 48,450 would signal:
- A recovery toward 48,700
- Potential extension to 48,950 if momentum strengthens
As long as price remains below this zone, upside attempts are considered corrective.
Key Support Levels
Immediate support is located at:
- 48,250 – 48,200
This area has acted as a short-term demand zone, where buyers have repeatedly defended price.
If this support fails, downside risk increases toward:
- 48,000
- 47,750 (key H4 structure support)
A clean break below 48,200 would confirm continuation of the bearish correction.
Expectations
Bullish Scenario (Recovery Attempt)
If price holds above 48,200 and breaks above 48,450, the index could enter a recovery phase targeting:
- 48,700
- 48,950
This scenario requires improving momentum and sustained closes above resistance.
Bearish Scenario (Continuation Risk)
Failure to reclaim 48,450, followed by a breakdown below 48,200, would likely resume selling pressure toward:
- 48,000
- 47,750
This remains the preferred scenario while price trades below key resistance.
Overall Outlook
The US Wall Street 30 remains in a corrective structure following a sharp intraday selloff. While short-term stabilization is visible, the index has not yet confirmed a bullish reversal.
Price action around 48,200 support and 48,450 resistances will determine the next directional move. Until a breakout occurs, the market is likely to remain range-bound with bearish bias.
