DJ 30 has been ranging between its support and resistance. At the moment, market is placed at the resistance level priced at 33250. If market breaks past this resistance, we have a long position prepared till the resistance level. Other than this, the bullish momentum is mounting up which has a chance to break past this resistance towards the upside.

The descending trendline is on the verge of breaking out from the trendline. Once broken out, there will be confirmation for the market towards the bullish side.

As the market is ranging, there is no current retracement levels which we can look for.

EMA 50 is bullish, as it recently broke out from the EMA. After the breakout buy, we can see the market retracing back towards the EMA 50 and the accelerate upwards. 

RSI is at 62. It needs to come back at the neutralized level of the 50, that is, after breaking out from the resistance level. 

NFP day with Dow Jones

Jun 02 2023

Take Profit +1.48%

Holding time 4hr

33262.46

Entry price

33755.46

Take profit price