US30 Intra-Week Analysis April 18th 2023

Last week us30 began trading above 33700 after creating an order block below this level. As expected we saw price continue a steady uptrend to clear the range and test 34100. With lower than expected PPI and higher than expected unemployment claims to support this bullish momentum. This week so far price has rejected 34100 for the 2nd time so we can expect us30 to begin making its way back to 33400 as long as we see price trading below 33900 then 33700. Otherwise, if price breaks above 34100 we can expect a continued bullish move to 34600.