US30 Intra-Week Analysis December 6th 2022

6 Des 2022

Last week we saw volatility us30 begin to slow as we begin trading at the 34k key level creating an order block as price struggles to trade above 34k. Price has now pushed below to retest 33500 directly after the FED news pushed price to test 34500. This week our bias is still bullish as price is at the key resistance level of 33500, rejected, and is now making candle closures above on the intraday time frame. FED speakers will likely try to save face and maintain this bullish sentiment which likely rally the markets to end the year back near All-Time-Highs. Otherwise if we see candles begin to close below 33500 we can begin looking for short term sells to 33k.