US30: Pullback Before the Next Record High?

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US30: Pullback Before the Next Record High?Wall Street 30TRADENATION:US30WeTradeWAVESUS30 has extended its bullish structure with a strong impulsive advance, pushing the index into fresh highs. Following the strength of the latest rally, a corrective phase could develop as the market digests the move. However, the broader structure continues to favour buyers, and this correction may simply prepare the index for another bullish extension. Our primary scenario is for a deeper short-term retracement followed by renewed buying momentum, potentially driving US30 toward 55,000 and fresh record highs. Disclosure: We are part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in our analysis.