US 30

Key Indicators

• Momentum indicators favour downside over upside, increasing the appeal of further downside.

• The upside pressure weakened amid a solid ceiling in place.

Fundamental Context

The Dow Jones general trend is still upward, but it seems limited in its attempts to move higher following the recent pullback. Looking ahead, the sustainability of any gain in the index this week will largely depend on the release of US inflation data and geopolitical developments.