US30 Intraday Setup
Technical Outlook — 9 June, 2025
Market Context:
The Dow Jones (DJI) is currently consolidating around 42,760 after a recent rally. Price action suggests a potential "bear flag" formation near the "Previous Day High," indicating a crucial decision point for the short-term trend.
Key Levels & Trade Plan:
Resistance:
Immediate: ~$42,850 - $42,925 (Upper flag boundary / Previous Day High).
Major: ~$43,100.
Support:
Immediate: ~$42,690 - $42,720 (Lower flag boundary).
Strong: ~$42,590.
Lower/Previous Day Low: ~$42,390 - $42,280.
Trade Plan:
Target: $43,100.
Stop Loss: Below breakout level (e.g., $42,800).
Target: $42,590, then $42,390.
Stop Loss: Above breakdown level (e.g., $42,750).
Target: Resistance levels.
Stop Loss: Below the confirmed support.
Risk Management: Always use proper position sizing and set a stop loss.
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Disclaimer: This content is intended for educational purposes only and does not constitute financial advice.
Technical Outlook — 9 June, 2025
Market Context:
The Dow Jones (DJI) is currently consolidating around 42,760 after a recent rally. Price action suggests a potential "bear flag" formation near the "Previous Day High," indicating a crucial decision point for the short-term trend.
Key Levels & Trade Plan:
Resistance:
Immediate: ~$42,850 - $42,925 (Upper flag boundary / Previous Day High).
Major: ~$43,100.
Support:
Immediate: ~$42,690 - $42,720 (Lower flag boundary).
Strong: ~$42,590.
Lower/Previous Day Low: ~$42,390 - $42,280.
Trade Plan:
- Bullish Breakout (Long):
Target: $43,100.
Stop Loss: Below breakout level (e.g., $42,800).
- Bearish Breakdown (Short):
Target: $42,590, then $42,390.
Stop Loss: Above breakdown level (e.g., $42,750).
- Dip Buy (Long):
Target: Resistance levels.
Stop Loss: Below the confirmed support.
Risk Management: Always use proper position sizing and set a stop loss.
If you found this analysis valuable, kindly consider boosting and following for more updates.
Disclaimer: This content is intended for educational purposes only and does not constitute financial advice.
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Disclaimer
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.