US30 Testing the Pivot Before Next MoveUS30 – Technical Overview
The Dow Jones (US30) gained 1.1% after the Fed’s rate cut, pushing the index within 200 points of a new all-time high. Futures later turned slightly positive, with US30 outperforming Nasdaq and S&P 500 despite weakness in tech.
US30 is attempting to stabilize above the 48020 pivot line. A breakout above this level on a 4H close would support a move toward the previous all-time high at 48415.
A correction remains possible toward the pivot or slightly below it, with 47850 acting as a key pullback level before any renewed bullish momentum.
A 4H break below 47850 would confirm bearish pressure toward 47560 and 47460.
Pivot: 48020
Resistance: 48415 · 48690
Support: 47850 · 47560 · 47460
