📉 Navigating market highs and lows! Join us as we dissect the recent surge in the US30 (Dow Jones) to $38k and unravel the mysteries behind Commitment of Traders reports. Are we on the brink of a market correction? 🤔
#MarketAnalysis #trading #cotreports
Watch the video to learn more...
Will This Market Crash?
In this thought-provoking video, we delve into the recent surge and subsequent decline in the US30 (Dow Jones), which peaked at an impressive $38k after trading through recent all-time highs. Our analysis includes insights from the Commitment of Traders (COT) reports, revealing heavy selling not seen since the tumultuous year of 2020.
One key indicator giving investors pause is the information gleaned from Commitment of Traders reports. The data suggests a notable increase in selling activities, mirroring trends observed during the uncertainties of 2020. Understanding the nuances of these reports is crucial for any investor looking to make informed decisions in the current market climate.
In our analysis, we'll delve into expert opinions and economic indicators that play a pivotal role in deciphering the market's trajectory. Are we on the brink of a significant correction, or is this a temporary blip in an otherwise bullish market?
US30
The price on the chart has traded through multiple technical levels and some observations included:
- Price found resistance at $38k.
- We can see a daily range forming between $38k highs and $37k lows.
- A break of the lows would increase selling pressure.
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