The technical analysis of US30 reveals that the index is currently encountering resistance at the level of 34195. The 200EMA initially acted as support for the price confirmed by a quick rejection to the upside.

Furthermore, the TDI also displays an overbought position, further strengthening the bearish sentiment in the market. A confirmation of this rejection at the resistance zone can be seen through the presence of either divergence or a sharkfin pattern on the TDI.

Based on this analysis, it is expected that the US30 will experience a decline from its current resistance zone at 34195 to the short-term target of 34000 and the medium-term target of 33900.
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