US30 Running Flat Pattern Spotted- Look for buys

Hello,

The US30, commonly referred to as the Dow Jones Industrial Average (DJIA), is a key benchmark index that tracks the performance of 30 of the largest blue-chip companies in the US.

Currently, the US30 is trading at the bottom of a running flat correction — a highly reliable Elliott Wave pattern that often signals the continuation of an upward trend. To further strengthen this bullish outlook, we are closely monitoring the zero crossover signal, which will serve as final confirmation that bullish momentum is about to kick in.

Additionally, bond yields remaining at their lows are providing further confluence, indicating that investors are shifting back into risk-on assets like equities.

Our first upside target is the previous February 2025 high, with potential for further gains if bullish momentum persists.

Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.

Good luck and happy trading!