US30 Intra-Week Analysis Jan 9th, 2024

9 Jan

As us30 begins to show exhaustion and profit taking we end the week at 37200. With jobs data supporting the optimism of more rate cuts in the future and stock market greed, we can still maintain a bullish bias on us30. However, we have to look out for the CPI (inflation data) for a true picture of whether or not we can keep this current sentiment. As of now, our current bias stays bullish, with that being I don't see us30 going lower than 37200 OR 37000 with this current pullback before more bullish momentum unless data supports otherwise.