📉📈 US30 Daily Analysis Based on Main Key Levels - 8 April 2025

Daily Current Market Price (DCMP): 🟡 38,755

Price trades ABOVE immediate support (37,859) but BELOW critical resistance (39,590)

🚩 Critical Price Zones

Resistance (Sell Areas):

🔥 39,012 (Near-term ceiling)

🔥 39,655 (Intermediate barrier)

🔥 40,696 (Upper boundary)

Support (Buy Areas):

🛡️ 37,859 (Baseline demand zone)

🛡️ 36,930 (Strong historical floor)

🛡️ 36,287 (Lower accumulation area)

🔍 Technical Snapshot

Swing Levels:

Recent High: 44,045 | Recent Low: 35,246

4H High: 37,859 | 4H Low: 36,790

Fibonacci:

61.8% Retracement at 37,200 | 127% Extension at 40,100

Momentum:

RSI at 49 (neutral) | MACD histogram showing bearish momentum

Price Action:

Descending channel pattern with lower highs since 39,590

💡 Trade Setups

Intraday Buy (Long)

🎯 Entry: 36,790 (Demand confluence zone)

🔴 Stop Loss: 35,246 (Recent swing low)

✅ Take Profit 1: 37,859 (Immediate resistance)

✅ Take Profit 2: 38,755 (DCMP)

Rationale: Confluence of 78.6% Fib level and historical liquidity pool 📉→🚀

Intraday Sell (Short)

🎯 Entry: 39,012 (Supply cluster)

🔴 Stop Loss: 40,696 (Upper resistance boundary)

✅ Take Profit 1: 37,859 (Baseline support)

✅ Take Profit 2: 36,930 (Strong historical floor)

Rationale: Bearish MACD crossover aligns with descending channel resistance 📊→🎯

⚡ Key Observations

Decisive battle near 38,755 (200D SMA at 38,200)

Volume surge below 37,859 suggests institutional accumulation

Hidden bullish divergence on 4H Stochastic oscillator

Risk Note: Monitor Fed Chair speech at 14:30 ET – Hawkish rhetoric could trigger breakdown below 37,859 support.