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Forecasts and Predictions

US 30 Forecast, June10, 2024

On the daily timeframe, US30 encountered resistance around 40,004.37. It then dropped by 2,000 points before bouncing back up, recovering about half of that loss. Following this retracement, the trend appears poised to continue downward. Most major indicators are showing neutral or flat readings. The MACD still indicates positive momentum, but it has significantly slowed from a couple of weeks ago and could potentially turn negative. On the smaller 15-minute timeframe, the 200 MA is positioned just above, supporting the likelihood of a downward movement, though other moving averages are relatively flat. This suggests a bearish outlook for the day, or at best, a range-bound movement similar to the previous day.

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