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40 Bar Cycle Chart - Dow Jones DIA DJIA - Updated 121022Given that we are headed into the release of the November Consumer Price Index this upcoming (Tuesday, December 13th) and also the December Federal Reserve Interest Rate Decision (Wednesday, December 14th) , are markets set up for another short opportunity into the end of January (Q1)? DIA DJIA Daily Chart Template www.tradingview.com Which camp are you in on the short-term (end of year into Q1/23') direction of markets? Camp A: We are likely we headed for new lows in Q1/23 (Fluctuating Inflation + Persistent Price/Wage Pressures + Hawkish FED). Camp B: We are likely to break the downtrend into the start of Q1/23' (Peak Inflation + Deflationary Forces + Dovish FED). Let me know your prediction in the comments below!
AMEX:DIAShort
by kylemusserco
Is Dow's correction really over?As we all know, Dow30 (All American indices in fact) started to drop since the beginning of the year. However, looking at a longer chart we can see that this drop is overlapping suggesting correction. At the beginning of October, Dji made a new low under 30k, followed by a second drop in that zone, making a small double bottom. After the break back above 30k, the index traded to the upside in a very nice and constructive way and recently also broke above the falling trend line. If this is a bull trap or not remains to be seen, but strictly technical, the index is bullish at this moment and it will stay this way as long as the price is above 32k. A break above 34k would call for further gains and February's 36k high could be the target.
FOREXCOM:US30Long
by Mihai_Iacob
6
Dow Jones Industrial Average index trading ideasThe DJI has been moving sideways since September 2021, recently the Russian-Ukraine conflict occurred and the price went down and broke the support zone (33700 - 34000) but soon the price bounced back showing one of the best Bullish candlestick patterns ever, especially when it happens in a support zone. For me, this is how I would trade the US stock market based on this market behavior ... as long as the price is moving in the sideways zone shown in figure (34000 - 36500) I would be in a "Buy Low Sell High" mentality. As soon as the price breaks the 36500 zones to the upside and retests I would change the trading mentality into "Buying high Selling Higher" and start following trends in the market.
TVC:DJI
by TurkInvest
Dow Jones: Playing the Triangle 🎼Dow Jones has joined an orchestra and is currently making use of our pink triangle. We expect it to play it a little bit longer until the bottom of the orange zone between 33518 and 32614 points, where wave Z in green as well as wave iv in orange should end and give Dow Jones new drive to take off, aiming for the resistance at 35521 points. Still, there is a 30% chance that Dow Jones could fall though the orange zone and below 32500 points. From there, it should drop further downwards.
CBOT_MINI:YM1!Long
by MarketIntel
1
Dow Jones (DJI) | Best point for sell🎯Hello traders, DJI in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe. In the wave count that has been done. The main waves 1 and 2 are complete. As we said in the previous analysis, it is possible that the main wave 3 is not over and we are in the wave 4 of the 3rd wave. From wave 3, wave 2 was not normal and this wave can be shorter in time and the rest of the waves are part of wave 3. But for now, this is how we consider it. From wave 3, microwave 5 forms its ascent and it is probable that it will climb to Fibo 1.618 and then wave 4 will form long and deep. 🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏 ❤️Please, support this idea with a like and comment!❤️
TVC:DJILong
by mahdisoltaninjad
2
Dow30- Could yesterday's bearish engulfing announce a drop?From the beginning of 2021, Dow Index has risen around 20% from the bottom to the top, which is phenomenal. However, looking closely at price development, since 10 May (yellow line) the rise counts only 5%, and since mid-August's top( green line), ONLY 3%. This for me is a clear indication that the bulls are very tired and in need of a correction. After the recent ATH, Dow dropped hard and has started to recover at the beginning of December. Yesterday's strong bearish engulfing can be the signal for the bears and price can drop again to recent bottom, now support. A new ATH would negate this scenario
UShort
by Mihai_Iacob
24
DJI Analysis after reaching 6.2 % CPI, Inflation rate Hello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ U.S. stock markets opened lower on Wednesday after data showing the U.S. inflation rate hit its highest in over 30 years, something sure to put fresh pressure on the Federal Reserve to tighten monetary policy faster. the Dow Jones Industrial Average was down 53 points, or 0.2%, at 36,267 points. The DJI index had hit a record high within the last week after the Federal Reserve had indicated at its last policy meeting that it expected not to have to raise interest rates for another year. Consumer prices rose 0.9 percent month over month in October and 6.2 percent year over year, according to the Labor Department, the highest rate in more than 30 years. The increase was broad-based, and the core CPI increase accelerated to 0.6 percent on the month, for an annual rate of 4.6 percent. From a Technical point of view : The DJI is still showing Bullish signs all over the technical side but this might reverse if the Federal Reserve doesn't come up with a plan to beat inflation, The market is trading at 36278.36 and could be moving to the first support line located at 36076.01 where it might pull up again, in case the situation doesn't change then we might see a further drop reaching the support located at 35456.54. Technical Indicators show : 1) the market is still above the 10 20 50 100 and 200 MA and EMA (Bullish sign) 2) The RSI is at 67.22 and dropped from the overbought zone today, with no divergence found between the indicator and the market. 3) The ADX is at 25.94 indicating a trending market with a positive crossover between the DI+ (31.05) and DI- (16.30). Support & Resistance points : support Resistance 1) 35924.67 1) 36608.31 2) 35520.26 2) 36887.54 3) 35241.03 3) 37291.95 Fundamental point of view : U.S. President Joe Biden said on Wednesday he has asked National Economic Council to work to reduce energy costs and the Federal Trade Commission to push back on market manipulation in the energy sector in a larger push to reverse inflation. The Democratic president said he was committed to the independence of the Federal Reserve in its efforts to combat inflation. "Inflation hurts Americans pocketbooks, and reversing this trend is a top priority for me," he said in a statement. This is my personal opinion done with technical analysis of the market price and research online from Fundamental Analysts and News for The Fundamental point of view, not financial advice. If you have any questions please ask and have a great day !! Thank you for reading.
DJ:DJI
by GabiDahduh