Will the market uncertainties impair the Dow?

Macro theme:
- The US30 has pulled back from record highs after a long rally, driven by rising Treasury yields and worries over high valuations.
- Investors are watching earnings from companies like Boeing (BA) and Coca-Cola (KO), which could affect market sentiment.
- With mixed economic signals and geopolitical uncertainties, short-term volatility is expected. Investors are balancing hopes for Fed rate cuts against concerns about economic growth and corporate earnings.

Technical theme:
- From the 4-hour chart, US30 broke its ascending trendline and retested EMA78 and the support level at 42720.
- If US30 breaks below 42720, the index may change the structure sideways and reach nearby support around 42390.
- On the contrary, if US30 remains above 42720, the index may consolidate within 42720-43300 until an apparent breakout occurs.


Analysis by: Dat Tong, Senior Financial Markets Strategist at Exness
Chart PatternsdattongTechnical IndicatorsTechnical AnalysisTrend AnalysisUS30

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