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US30 is quickly approaching the support line of a Channel Down. We expect either a breakout through this line or a rebound.

US30 is heading towards the support line of a Channel Down. If this movement continues, we expect the price of US30 to test 25320.0000 within the next 2 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.

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Important support line being approached by E-mini S&P 500 JUNE 2019. This price has been tested numerous time in the last 8 days

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Important resistance line being approached by Verizon Communications Inc.. This price has been tested numerous time in the last 23 days

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