US30 Intra-Week Analysis Nov 22nd 2022

Last week on us30, we got a nice reaction at the 34k key level creating a triple top. We expected price to reject and continue bearish, which ended up being a brief liquidity grab to 33100 before continuing back to 34k. This week price is now breaking above this key level which could lead us to price beginning to trade above or potentially continuing bullish to 35k. This is only under the conditions we see key price action conformations like a daily candle closure above 34k. Otherwise, look out for candle closure below 34k for selling confirmation, as this slight break above could simply be a fake out. Also look out for the FOMC news as this will impact us30 significantly, a continued hawkish tone will lead to a further sell-off.