US30 Market Update β 07/10/2025Dow Jones Industrial Average CashFX:US30h4rVey π US30 Market Update β 07/10/2025 The bounce attempt failed and sellers are still in control π» Price attempted a reclaim above 44,511 but got rejected again and is now consolidating beneath the EMAs π¨ π What Weβre Seeing: Lower highs forming below 44,600 Rejection wicks near EMA levels (bearish pressure) EMA ribbon is now resistance zone (20 EMA < 50 EMA) Key intraday support held at 44,220, but barely π Key Levels to Watch: πΌ Resistance: 44,511 β critical for bulls to flip π½ Support: 44,220, if broken β next is 44,000 π‘ Trade Setup Ideas: π» Short Setup (Main Bias): Wait for rejection near 44,450β44,500 Entry trigger: Bearish engulfing or shooting star Targets: 44,250 β 44,000 SL: Above 44,600 πΉ Long Setup (If Bulls Step In): Must reclaim and close above 44,600 on 1H Look for strong bullish candle with follow-through Targets: 44,800 retest SL: Below 44,400