US30 may expand the momentumUS 30CAPITALCOM:US30Stanislav_Bernukhov_ExnessDow Jones index has broken to the new peak, touching the upper border of the Bollinger bands level on a daily chart. The momentum may extend for several days more, and reach 51500 area. According to statistical studies, stock indices tend to keep the momentum and not reverse quickly in such situations. The main factor affecting this trade is a narrative around potential peaceful agreement between the US in Iran, despite current local tensions. According to prediction markets, traders don’t expect the deal this summer, but the US treasury bonds have bounced, supporting stock markets and improving the risk appetite. Previously, the stock market rally was driven by Nasdaq alone, now the rally becomes broader involving S&P500 and Dow Jones indices too, so we record the rotation of the capital from tech stocks to other sectors as well.The rally for Dow Jones is fresh, so it would be logical to observe the continuation this week. Probabilities of a one-step interest rate hike in the US until the year end have grown last week, but the market now perceives stocks as an inflation hedge. Historically, high interest rates may not affect the stock market negatively if the economy displays a decent growth. This week, we will be monitoring the Core PCE price index for the US on Thursday, as well as the situation in the Hormuz straight and political statements around the US-Iran situation. Don't forget - this is just the idea, always do your own research and never forget to manage your risk!