US30 | Daily Technical Outlook
Market Structure
US30 is showing increasing downside pressure after failing to sustain gains near recent highs. Price action has shifted from a bullish continuation into a corrective phase, with momentum rolling over across the intraday and higher timeframes. The index has broken below short-term moving average support and is now trading beneath a key horizontal level around 49,030–49,000, signaling weakening buyer control. While the broader daily trend remains structurally bullish, the near-term structure favors consolidation to corrective downside as sellers gain traction.
Key Resistance Zone
Upside attempts are capped by a well-defined supply area:
- 49,000 – 49,150 (former support turned resistance and intraday rejection zone)
- 49,400 – 49,550 (recent swing highs and upper supply area)
A sustained reclaim above 49,150 would be needed to neutralize near-term bearish pressure.
Key Support Zone
Price is approaching an important demand cluster:
- 48,900 – 48,800 (near-term support and reaction base)
- 48,500 – 48,300 (broader structural support and prior breakout zone)
A decisive break below 48,800 would expose the index to a deeper corrective move toward lower daily supports.
Expectations
Bullish Scenario (Alternative)
If US30 stabilizes above 48,800 and reclaims 49,000, buyers may attempt to rebuild upside momentum. A push above 49,150 could open the door for a recovery toward 49,400–49,550.
Bearish Scenario (Primary)
Failure to hold 48,800 would likely accelerate selling pressure, with downside risk extending toward 48,500 and potentially 48,300. This move would remain corrective unless the broader daily structure breaks decisively.
Outlook
US30 is entering a corrective phase within a larger bullish trend. Near-term risks remain skewed to the downside while price trades below former support. A reaction from the 48,800 regions will be critical in determining whether the index resumes its broader uptrend or extends the current pullback further.
