US30 Downtrend May Reflect Impeded Growth

The market climbed to unprecedented heights over the past several months and may continue to surge even higher as we approach the warmer months. However, the markets are only reactive to reality, so sudden lowering of price action should be expected to compensate for the resulting lag. US30 could be making such corrective action to begin trading closer to the 33000 level before it proceeds above 35300. There are a number of ways this price action may play out and the chart above provides ideas to apply to your trading decision.