US 30, during Yesterday's New York Session broke past its previous major Resistance to for a New all time High. We can see this is a response to the new stimulus bill sign-off.
Price currently is making it's way back downwards to its previous resistance which it recently broke out from as it couldn't find any form of Support on it's way up. We would want to keep an eye on how price reacts to that precious resistance zone.
Since price is still above the 200 Day Moving Average, we would want to keep a bullish bias on this index, as going into 2021, there are signs of new stimulus packages that would still be rolled out which could push the stock index Higher.
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Price currently is making it's way back downwards to its previous resistance which it recently broke out from as it couldn't find any form of Support on it's way up. We would want to keep an eye on how price reacts to that precious resistance zone.
Since price is still above the 200 Day Moving Average, we would want to keep a bullish bias on this index, as going into 2021, there are signs of new stimulus packages that would still be rolled out which could push the stock index Higher.
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US 30, respected our Yesterday's Analysis. We saw price push into previous Resistance which now turned to a support, and pushed this stock index much higher.
Price is now currently approaching the new all time high Resistance. Let's see how this stock index reacts to it.
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Price is now currently approaching the new all time high Resistance. Let's see how this stock index reacts to it.
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