US30: Bearish Momentum with CPI-Driven VolatilityTechnical Analysis
The price dropped about more than 500 points as we mentioned previously, and is still under bearish momentum because already broken the bearish correction which is 44410.
So as long as trade is below 44270 and 44410 it will drop to touch 43900, on the other hand, we have a CPI effect Today that will be expected with more than the previous result, in this case, will support the bearish movement for indices, especially realizing more than 2.7%.
due to the high volatility, we have a bullish correction till 44300 or 44410.
Key Levels:
Pivot Point: 44270
Resistance Levels: 44410, 44590, 44750
Support Levels: 43900, 43760, 43490
Trend Outlook:
Bearish Momentum
previous idea: