US30 4H ( Downward Movement )

١٦ أغسطس

Equity Futures Mixed, ETFs Lower Pre-Bell as Earnings Season Winds Down

Technical Outlook:

Bullish Scenario:
For a bullish continuation, the price must stabilize above 40,650, targeting 40,780 as the next resistance level.

Bearish Scenario:
A sustained move below 40,470 will likely trigger a bearish trend, with potential declines towards 40,290 and 40,060.

Key Levels:
- Pivot Point: 40,470
- Resistance Levels: 40,650, 40,780, 40,975
- Support Levels: 40,270, 40,060, 39,790

Today's Expected Range:
The price is expected to fluctuate between the support at 40,060 and the resistance at 40,650.

Trend: Bearish below 40,470.