US30 TECHNICAL ANALYSIS SHORT TERM VIEW
US30 has strong resistance 33729 to 33964 levels as red box marked in graph . Wave 3 or wave c is going on and 34170 is reversal point and it can decline further towards 32000 level until this resistance holds.Intraday purpose selling can be done with stop loss 34170 expecting downside towards 33600,33550 and 33500 respectively.It can fall sharply towards 32000 level without touch 34170 level because wave 5 was extended .
QUICK FUNDAMENTAL LOOK
Wall Street's main indexes were subdued in choppy trading on Thursday, as data showed consumer prices rose more than anticipated in September, although underlying price pressures eased, clouding the Federal Reserve's interest rate outlook
POC = Risk is a part of trading, use caution when placing orders and take market advice only into account.