US30 20 w cycle and daily trend


#1

Trend on the daily US30 has change to flat -down confirmed 10 w cycle so far slow down on the daily chart.



Looking for C2 anchor to confirm. First week in December looks interesting and should provide more info about other larger topping cycles.

Weekly chart bearish reversal stands at 23255 .

Weekly bullish is above 23808 (90’)


#3

US 30 is possibly topping and caution is warranted. Looking for conformation from Gann studies, it is not easy to stop vertical market. All of it is only relevant if you want to unwind some long positions. If it is an important top we should see first break and then a recovery yearly next year before real move down begins.


It is definitely qualifies as important top, We have to wait and see if it is confirmed by other tools.