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Chart Forum: Key reversal underway in US 30

CMC Markets

Earlier today, the US 30 traded up to an all-time high and is now down over 100 points and weakening into the close, a classic key reversal day. Technically, this can represent a sign of trend exhaustion and a shift in dominance between bulls and bears. Perhaps more ominously, this has occurred ahead of tomorrow's non-farm payrolls report, setting up the potential for action when that news is released. A new chart analysis on the US 30 is now available. You can access the chart forums through the link below or through the Market Pulse drop down menu.

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