CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81.76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

81.76% of retail investor accounts lose money when trading CFDs with this provider.

After a Two-Day Winning Streak, is the US30 now on the Ropes?

Published: 31.01.2023
by Joseph Jeffriess

US30 update.

Hi, and thanks for watching today’s update.

Do sellers have enough in the tank to push the price lower for a 2nd day in a row? After another failed rally yesterday, we saw a two-day winning streak broken on the US30 yesterday. This has caught our attention today as this is the 2nd time we have seen this in two sessions.

Could Friday and Monday’s LH price patterns suggest further downside in the short term? Sellers will have to beat 33,690 support to get their move going as this level continues to put up resistance. A break of this level could set up further downside, but a hold could suggest seller number might not be as firm as first thought.

Support levels are seen at;  33,690 – 33,630. Resistance is seen at 33,970 – 34,000. (if buyers can hold and resume the current upswing.)

US30 Analysis Video

Good trading.


* The information provided on this page are the opinions of the author and do not necessarily reflect the opinions of Eightcap and are not endorsed by Eightcap.

Any person acting on the information presented on this page does so entirely at their own risk. No representation or warranty is given as to the accuracy or completeness of this information. Any research provided does not have regard to any specific investment objectives, financial situation and needs of any specific person who may receive it.

Margin trading involves a high level of risk and may not be suitable for all investors. You should carefully consider your objectives, financial situation, needs and level of experience before entering into any margined transactions with Eightcap, and seek independent advice if necessary.