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MSby u/mller_sara·38mAnalysis

$US30 holding up, but for how long?

Watching $US30 today, it's holding remarkably well above that 52750 support area despite some of the macro jitters. The intra-day high at 53230 is interesting; a solid close above that could indicate further upward momentum, perhaps testing 53500.

My concern is if we see a break back below 52700. That would invalidate the current upward push and suggest we could be looking at a retest of the lower 52000s. Just my two cents, always room for error.

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1 Comments

ARu/anna.rossi·19m

The macro picture suggests any rally will be short-lived. A bounce today doesn't change the underlying fundamentals, especially with the Fed's stance.

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