US30 Update - Continuation building?

Thanks for checking out our latest update. Today, we are looking at the US30 daily chart.

After some heavy selling to end 2024, have we started to find a new point of support? If we see further confirmation price-wise with a new break higher and a new higher low, this could line up with a continuation pattern.

We have run over a few scenarios price-wise that we are watching moving forward. The key to the continuation is a hold of 42,260 support.

Will Trump taking office on the 20th have any influence? We will wait and see, but a break of support and trendline could be a warning sellers have further to go.

Happy New Year, good trading from Eightcap.