Market Analysis of US 30 on Thursday 29 AUGUST 2024

2024-08-29 20:09Source:BtcDana

US 30   TECHNICAL ANALYSIS SHORT TERM VIEW    


 US30 running in positive trend and its immediate strong support are 40600 to 40923 level .  Stop loss is 40850 level and it can rise towards 42000 level  . Intraday purpose buying is better for targets 41380,41450 and 41500  levels respectively with stop loss 40850 level .Wave 5 of internal wave 3 is going on which is giving minimum upside target of 42000 level and overall stop loss is 40500 level .


QUICK FUNDAMENTAL LOOK  

                                                                 

Nasdaq and S&P 500 futures pared early losses and edged higher on Thursday after AI chip firm Nvidia's largely in-line forecasts, while markets remained hopeful of upcoming interest rate cuts with economic data on tap later in the day.


POC = Risk is a part of trading, use caution when placing orders and take market advice only into account .

More