US30 Intra Week Analysis June 18th 2024

Us30 has just ranged between 39k and 38400 for the past 2 weeks, with little impacting volatility or overall sentiment. The CPI data had a short live bullish spike testing 39k before price corrected the move still within the range. This week if price fails to break above 39k respecting the bearish liquidity zone to the left then we could easily see price break below 38400 and retest 38k before any other bullish moves are made.