US30 Intra-Week Analysis Jan 16th 2023

With price testing 33900 and rejecting to rally and close the week above 34200, it's clear we are respecting this uptrend. Creating higher highs and higher lows. This week if we keep the optimistic sentiment on equities we'll likely see price make its way to 34600 with a potential retest of 34100 before making that move. Once we reach 34600 we can then make a decision on where price is likely to go based on price action at that level. Other than that, if we break below 34k we can begin looking for sell options.