US30 At All Time High

The Daily US30 Index Analysis. As you can see recently we have seen a break - retest - continuation of the small descending trendline. Price showed a break and then a retest which was a rejection from the descending trendline and the 50EMA.

This showed confluence at levels that gave price a push back to the upside. We have since seen price show a break above the 21985 resistance with price now heading towards new all time highs at 22366.

If we see a break of the 22366 resistance then we will be looking for price to reach the next area of resistance at 22674. As it's clearly observable market is overall bullish within the US30 Index.

A lot of market experts such as Warren Buffett and Ray Dalio warn about a potential market decline and have either pulled out part of their investments in cash or have hedged against the decline by buying Gold.

Chart: US30, D1