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 34200 is reversal point and it can decline further towards 32000 level until this resistance holds.Intraday purpose selling can be done with stop loss 34000 expecting downside towards 33350,33300 and 33200 respectively.It can fall sharply towards 32000 level without touch 34200 level because wave 5 was extended .
QUICK FUNDAMENTAL LOOK
The Dow and S&P 500 were lower on Monday with utilities falling sharply, while the Nasdaq was barely changed as investors weighed the likelihood the Federal Reserve will need to hold interest rates higher for longer.
POC = Risk is a part of trading, use caution when placing orders and take market advice only into account.