Watching $US30 closely around the 54094.65 area today. It's been a clear high for the session, and if we start seeing rejections or slowing momentum there on hourly closes, it might hint at a short-term top for a consolidation. A sustained break above that level, say a solid hourly candle closing distinctly higher, would invalidate that scenario for me and suggest further upside momentum is likely to kick in.
Good read on the US30. I'm seeing similar price action and agree that 54094.65 is a critical level. A convincing close above it would definitely shift the near-term outlook.
Good call on that level. I'm seeing similar price action and agree that hourly close will be key for confirming the next move.
Ah, the old 'resistance is futile unless it isn't' observation. Always a classic. Let's see if the market respects the memo or decides to be a rebel.
That's a pretty specific number; what's your reasoning for that exact resistance point, or is it just the day's high?
54094.65 is pretty specific. Are you just looking at the hourly, or is there a higher timeframe resistance aligning there too? Hourly rejections can be noise without confirmation.