US30 (Dow Jones) – 16 May 2025 Update

📊 US30 (Dow Jones) – 16 May 2025 Update 🚨

Dow Jones just bounced cleanly off the 20 EMA and is now attempting to break through 42,400 resistance 📈

🔎 Technical Breakdown:
📍 Current Price: 42,338

🧭 Key Resistance: 42,400

✅ Strong bounce from 41,800 zone

📊 EMAs sloped up, confirming bullish momentum

This looks like a bullish retest and continuation setup 🔁. Price had a healthy pullback, tapped dynamic support, and now buyers are stepping back in.

🔥 Key Scenarios:
Bullish case 🟢:

Break + close above 42,400 = potential leg up toward 42,600–42,800

EMAs in bullish alignment = trend continuation likely

Bearish case 🔴:

Rejection + close back below 42,200 = retest of 41,800–41,600 support

Would still be a buy-the-dip zone for now

🧠 Pro Tip:
➡️ Don’t short a trending market just because it “looks high”
➡️ Let structure guide you, not emotion
➡️ Tight consolidations near highs = strength 💪