Technical Analysis Summary
Daily Chart (Macro View)
• Price has bounced off a key support near 37,700 and reclaimed the psychological level 40,000.
• MACD is starting to reverse higher from oversold conditions, showing early bullish divergence.
• RSI is recovering from below 30, now near 49, indicating a potential trend reversal.
• Trend: Medium-term recovery from a correction; possible continuation to recent highs around 44,000.
15-Minute Chart (Tactical Entry Zone)
• Price has broken a downtrend and is now consolidating above previous resistance at 40,000.
• MACD is bullish (histogram rising), and signal lines are above zero.
• RSI at 62.6, suggesting bullish momentum but not yet overbought.
• White MA shows clear upward curvature.
3-Minute Chart (Precision Entry)
• Recent pullback retested the MA and bounced.
• RSI at 66, nearing overbought, but price is in clear short-term uptrend.
• MACD just crossed bullish again after a small consolidation.
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Fundamental Context
• Recent Fed signals suggest potential rate pause or cuts, which is bullish for indices.
• Earnings season has generally surprised to the upside, especially among large caps.
• Macro backdrop: Slowing inflation + strong labor market = supportive of equities.
• Risk appetite is increasing, as seen in tech and industrials rebounding.
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Trade Setup
• Position: Long US30
Entry
• Buy: 40,200 (current price action confirms upward momentum)
Stop Loss (SL)
• SL: 39,700 (below recent 15-min swing low & psychological level)
Take Profit (TP)
• TP1: 41,200 (recent intraday high and near resistance)
US30