US30 Price Breakdown 3/30/22

US30 is currently bullish on the higher timeframe but price hasn't had a healthy retracement until now. I think that the bearish momentum can continue leading up to NYSE open at 9:30. Then price could reject the EMA and level of support around 35000 which is also an area where price previously broke out from to create the current high. My current perspective of the overall market based on the weekly, daily, and 4H timeframe is currently bullish but I believe there will be a short term counter trend scalp opportunity to the downside. Waiting for market volume to determine a point of entry.