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DOW JONES bouncing on the 4H MA200 and 0.5 Fibonacci.Dow Jones (DJI) found Support yesterday exactly on its 4H MA200 (red trend-line), after just a brief break of the 0.5 Fibonacci retracement level. The dominant pattern has been a Channel Up since the August 05 Low and within it, every 0.5 Fib test from the previous Low, has been the most effective buy entry as it started the new Bullish Leg. The technical symmetry within this pattern is astounding as every Bullish Leg hit its 1.236 Fibonacci extension, completing a +8.30% rise. The ROC Higher Lows indicates that a rebound should be expected right now. We haven't had a 1.236 Fib extension since the elections Low, so naturally take this 4H MA200 / 0.5 Fib bounce to buy if you haven't and target 45000 (also +8.30% rise). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US30Long
by TradingShot
1
DOW JONES: Bottom buy signal. Target 45,600.Dow Jones just turned neutral on its 1D technical outlook (RSI = 52.982, MACD = 339.670, ADX = 28.026) as it hit today the 4H MA200 after exactly 2 weeks. This is getting very close to the bottom of the 14 month Channel Up. Technically the last two HLs were formed when the 1D RSI double bottomed on the 30.00 oversold limit. Overall, this is a good enough buy opportunity to target yet another +6.80% bullish wave (TP = 45,600). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US30Long
by InvestingScope
DOW JONES inside a bearish wave. Expect lower prices.Dow Jones is trading inside a Channel Up since August. However at the moment it is still on a bearish wave. Three out of four bearish waves of this Channel Up hit the MA50 (1d) before reversing. With the price rejected now on the MA50 (1h), this is still a sell opportunity. Trading Plan: 1. Sell on the current market price. Targets: 1. 43000. Tips: 1. The RSI (1h) is also declining. Once it turns sideways, it will be the signal to reverse to buying. Please like, follow and comment!!
CAPITALCOM:US30Short
by TradingBrokersView
US30/ Bearish Momentum with Potential for Bullish CorrectionTechnical Analysis: The price experienced a significant decline of approximately 3.9% over the past week, as previously highlighted. Currently, a potential retest of the 20550 or 20660 levels is anticipated. Sustained stability below these levels would reinforce the bearish trend, paving the way for a decline toward 20330, with a further drop to 20130 if this level is breached. On the other hand, if the price stabilizes above 20660, confirmed by a 1-hour or 4-hour candle close, it would signal a shift to a bullish trend, targeting a move toward 20860. Key Levels: Pivot Point: 43350 Resistance Levels: 43490, 43750, 43900 Support Levels: 43210, 42970, 42770 Trend Outlook: Bearish Under 43350 Bullish Above 43490 Previous Idea:
OANDA:US30USD
by SroshMayi
DOW JONES Early sell signal for next week.Dow Jones / US30 is trading inside a Channel Up pattern since September. The index is on the latest bearish wave at the moment, having been rejected at the top of the Channel Up. The 1day RSI just crossed under the MA trendline, which on 3 out of 4 occasions in the last 4 months, was a bearish signal. The previous 2 bearish waves of the 3 month Channel Up delivered a -3.80% correction. Sell and target the same correction at 42850, which just so happens to be exactly at the top of the Channel's buy zone. Previous chart: Follow us, like the idea and leave a comment below!!
CAPITALCOM:US30Long
by TheCryptagon
US30 - Bearish Volume is still available...Technical Analysis The price has declined by approximately 1.45% and continues to exhibit bearish momentum. A potential retest of 43,780 appears likely before a further decline toward 43,350. Today, US30 is expected to consolidate within the range of 43,350 to 43,775 until a breakout occurs. A confirmed close of a 1-hour or 4-hour candle above 43,900 could signal bullish momentum, targeting 44,270. Key Levels: Pivot Point: 43660 Resistance Levels: 43780, 43900, 44090 Support Levels: 43350, 43200, 43070 Trend Outlook: Bearish under 43760 Previous idea:
OANDA:US30USDShort
by SroshMayi
US30, Consolidation with Bearish Potential Below Key SupportTechnical Analysis The price dropped from its ATH and reached a support level. Today, US30 is expected to consolidate between 43900 and 43770 until a breakout occurs. A 4H or 1H candle close below 43770 would confirm a bearish move toward 43350. Alternatively, stabilization above 43900 could lead to a move toward 44270. Key Levels: Pivot Point: 43900 Resistance Levels: 44070, 44270, 44440 Support Levels: 43760, 43580, 43350 Trend Outlook: Bearish under 43770 Bullish above 43910 Previous idea:
OANDA:US30USDShort
by SroshMayi
DOW JONES 4H Golden Cross extending the rally.Dow Jones (DJI) gave us an excellent pre-election buy signal (October 29, see chart below) as it bottomed on the 0.5 Fibonacci retracement level and just below the 1D MA50 (red trend-line), in similar fashion as the September 11 Low, which then rallied to the 1.236 Fib extension: As you can see, we hit our 44000 Target, which was again the 1.236 Fib ext, but a new bullish possibility emerges. The 4H RSI is about to turn bearish (below 45.00) after being overbought (above 70.00) for 7 days. Last time this happened was on August 22, the fractals are virtually identical. During that time, the price made a Higher Low and continued to peak after a +8.30% rise in total. After another 0.5 Fib correction, the next Bullish Leg if the 3-month Channel Up was also +8.30%, indicating that there is high symmetry between the Legs of this pattern. Notice also the presence of a 4H Golden Cross both on the current as well as on the August Leg. As a result, since we still have some distance before completing a +8.30% Bullish Leg increase, we go long again as long as the 4H MA50 (blue trend-line) holds, targeting 45000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US30Long
by TradingShot
DOW JONES Short term signal for fast profit.Dow Jones pulled back from Monday's high but the price action started to reverse today. As long as the MA50 (4h) holds, we expect a quick rebound (at least) like the ones after the October 16th and September 18th pull backs. Those rebounds gave rallies of +1.57% and 1.79% respectively. Trading Plan: 1. Buy on the current market price. Targets: 1. 44450 (+1.57%). Tips: 1. The RSI (4h) is also showing a temporary bottom similar to October 16th and September 18th. Please like, follow and comment!! Notes: Past trading plan:
CAPITALCOM:US30Long
by TradingBrokersView
DOW JONES: Short term target 44,850.Dow Jones is almost overbought on its 1D technical outlook (RSI = 69.283, MACD = 438.030, ADX = 26.531) and on top of that, the 4H RSI has been inside overbought territory since November 5th. The price action remains inside the Channel Up that started in August but every time the 4H RSI trades sideways like this on overbought ranges, the price enters a smaller Channel Up and leads to the peak HH. That's what we are aiming for now (TP = 44,850). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US30Long
by InvestingScope
SUPER STOCKS 2023 notes & issues for POSiTiONiNG there are stocks driven by MARKET .. meaning float is out in the public that normally has a DRUNK price action with gaps and erratic volume there are issues with an assigned Specialist that can TRADE or CROSS huge volume without moving the price or go beyond a range RANGE highlighted ones have been decided by both the MARKET and the MARKET MAKER best of both worlds where artificial price meets the wisdom of PUBLiC Vanguard holds most or is the CUSTODY of most issues Citadel & the gang of 3 manages the FLOAT FUNDS are public PUBLIC is barometer for entry or exit of Sovereign and Trust Fund babies on a 3 5 7 10 year cycle determined by the FED's cost of printing borrowinng and lending note: Market Cap is dated June 22, 2022 ... Bottom are of MARKETS
AMEX:SPY
by senyor
11
DOW 41k, YOU'RE GONNA WANNA PAY ATTENTION TO THIS PRICE TARGET41k is a massive resistance price target meaning, it is likely to hit allowing exits at profit. If it hits there is potential to see it bounce around even as high as 54k in a short term, but ultimately, at some point it will need to retest the lower end price targets. If it were to do that sooner rather than later, it allows for a more natural growth in the price. Meaning, there is a lot of potential to see the price melt up from 41k and then keep going. OR more likely, there is a lot of potential to see a drop, possibly even a steep drop from 41k. Either way, the downside takes us around 20% and then as high as 40% down from 41k. I included 9k as a potential target, but I don't think we see baring a nuclear bomb being set off on the moon, but anything is possible. All in Mark Cuban, Sold stake in Mavs Jeff Bezos, Sold Amazon stock Warren Buffet, Sold Apple Ryan and Carl, Buying BBBY Multiple sports teams for sale, sold or being shopped Massive deals everywhere If you need any more signs that a top is near, with potential to crash hard allowing for a buy the dip scenario. Here is a small sample of it.
DJ:DJI
by nicktussing77
1
TRUMP is the 47th President! Is this bullish for the markets?Donald Trump is the new (47th) President of the United States, coming into office for his 2nd time. The practical question on the investor's mind is of course how will the stock markets react? Even though there is no definitive way to approach this, the fact that Trump will resume power for a 2nd term, gives us a historic data set to have grounds for comparison. Fundamentally anything can be discussed on policies and strategies etc but technically the picture is more objective. As you can see on this Dow Jones (DJI) chart displayed on the 1W time-frame, Trump's 1st Presidential win was on November 08 2016. At that time, the market was trading within a Channel Up that started after a 1W MA200 (orange trend-line) double test on January 19 and February 08 2016. Right before the Elections, the index experienced a natural 'Pre-election volatility' phase. The picture during the current election period isn't very different from 2016. As you can see, Dow started a Channel Up pattern after a 1W MA200 test and half-way through the year started to experience the usual 'Pre-election volatility' phase. During that time both in 2024 and 2016, the 1W MA50 (blue trend-line) was supporting and stayed intact. Notice how even the 1W RSI sequences between the two fractals are similar from the time the Channel Up started until the elections. So naturally you are asking what does that mean for us moving forward? Well after the November 08 2016 elections and Trump's 1st win, Dow started to rise aggressively immediately and by March 2017 it almost reached the patterns top (Higher Highs trend-line) before the new medium-term relief pull-back. The post-election Bull Phase was concluded in January 2018, upon completing a +71% rise from the Channel's bottom and 7.0 Fibonacci extension from the volatility phase. So if symmetry acts its part, we may see 47000 by March 2025 and 55000 (+71% from the October 2023 bottom) by the end of 2025. Is this projection definitive? Of course not, nothing is 'absolute' in investing/ trading. But history has shown that the stock market has reacted more than positively after the U.S. elections, particularly in the case of a Trump win. What do you think? Will Trump's 2nd term be bullish? ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:DJILong
by TradingShot
1
DOW JONES: Important 1H breakout that is targeting 43,000Dow Jones has turned neutral again on its 1D technical outlook (RSI = 48.701, MACD = -64.350, ADX = 34.811) as it formed the new bottom on the 3 month Channel Up and that pushed the price into a rally which today crossed over the LH trendline and the 1H MA200 for the first time since October 22nd. The 1H RSI was on a Bullish Divergence (HL) against the LL of the price, so all indicators are bullish and calling for more upside. The 0.786 Fibonacci level is the next short term target (TP = 43,000). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US30Long
by InvestingScope
DOW JONES Quick sell signal before the elections result.Dow Jones is trading inside a Channel Down since October 21st. Following the rejection on the MA200 (1h), it started the new bearish wave. Trading Plan: 1. Sell on the current market price. Targets: 1. 41400 (-2.70% decline like the first bearish wave of the Channel). Tips: 1. The RSI (1h) is also printing a Rising Support pattern like the one during the previous bearish wave. Please like, follow and comment!! Notes: Past trading plan:
CAPITALCOM:US30Short
by TradingBrokersView
DOW JONES: Bottom of the Channel Up.Dow Jones turned bearish on its 1D technical outlook (RSI = 42.00, MACD = 51.000, ADX = 21.000) as it almost hit the bottom of the Channel Up pattern. It is about to form a Death Cross on the 4H timeframe, which will be the first since August 8th that was technically the bottom of July's correction and start of the current Channel Up. We expect the bottom to be priced either today or tomorrow and the RR is good enough to buy. We aim for the 1.5 Fibonacci level (TP = 44,000), which priced the previous two HH. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US30Long
by InvestingScope
1
DOW JONES Bottom is being formed. Buy for 44000 immediate TargetDow Jones (DJI) eventually made a bullish break-out on our last analysis (October 08, see chart below) and hit our 43200 invalidation Target: The 3-month Channel Up is still holding and the price is now on the 4H MA200 (orange trend-line) and near the bottom (Higher Lows trend-line) of the pattern. The 4H RSI has completed a bottoming sequence similar to the September 11 Higher Low. As long as the 1D MA50 (red trend-line) supports (closes 1D candles above), this will be a buy opportunity. Our Target is 44000, which is the 1.236 Fibonacci extension, similar with the previous Higher High. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US30Long
by TradingShot
Dow: Key data, earnings and US election all coming upStocks rebounded on Monday with oil prices taking a 5% plunge, amid an apparent easing in Middle East tension. The restrained reaction by Israel after recent attacks has spurred optimism, with markets hoping for stability in the region. European indices closed higher as we begin a very busy two weeks, with lots of data, US election and central banks meetings on the way. Treasury yields could take toll on stocks With the 10-year rising to a new 3-month month high of 4.29%, this could unravel risk assets. Having just closed lower for the fifth consecutive day, resulting in a weekly loss of more than 2.5%, the Dow could be the one to watch for potential underperformance. Small caps also slumped last week, while the tech-heavy Nasdaq finished flattish, helped by Tesla’s earnings and Nvidia surging to a new record high. Looking under the hood, financials (XLF) led the drop on Friday with a fall of 1.1% and nearly 2.1% for the week. Industrials (XLI) lost 2.8% on the week, while energy (XLE) lost 0.6% on the week and ensured a hattrick of weekly losses. Technology (XLK) was flat on the week, while semiconductor (SMH) rose 0.6%. Once again gold outperformed with GLD rising 0.8% last week. With financials and industrials taking the biggest hit, and energy also not doing great, the Dow and Russell are the obvious markets for the bears to potentially target, if sentiment turns sour again. Economic Data Points to Slower Rate Cuts Last week’s stronger economic indicators have reinforced expectations that the Federal Reserve may take a measured approach to future rate cuts, but will that change in the week ahead with some top-tier data to come including JOLTS, non-farm payrolls and ISM surveys? Last week’s data releases—such as jobless claims, services PMI, and durable goods orders— all surpassed forecasts, suggesting economic resilience. If we see a similar outcome from most of this week’s data releases, then that could even raise question marks over further rate cuts beyond the two more priced in for this year, as the Fed may be more inclined to wait and see before easing policy further. While a strong economy supports corporate earnings, it can also sustain higher yields, which may weigh on stock valuations. As a result, traders and investors are closely watching incoming data to gauge whether the Fed will indeed adopt a more gradual approach to rate reductions. US Election Uncertainty Adds Pressure The US presidential election is also in focus, with polls and odds markets showing a close race. Some betting markets are leaning toward a Trump victory, while other polls show a tie. A Trump win could have inflationary implications, potentially impacting the Federal Reserve’s approach to rate policy. Given Trump’s policies, investors may anticipate a more aggressive Fed response to manage potential inflation, which could affect stock prices and increase market volatility. The uncertain outcome has led investors to adopt a cautious stance, with many waiting to see how the election results may influence the Fed's future policy decisions and overall market sentiment. This has been evident in markets falling last week, VIX rising and gold hitting new record highs. Upcoming Earnings and Economic Reports As we head into a pivotal week and a half, several high-impact events could shape market direction. Investors are bracing for a series of earnings reports from major companies, often referred to as the "Magnificent 7" stocks, alongside the US monthly jobs report. These, combined with the US election on November 5, represent a series of risk events that could sway investor sentiment. Given the recent increase in yields, strong economic data, and the close election race, it is unlikely we’ll see investors rush to buy the dips. For now, a cautious approach may be warranted as investors navigate these uncertainties and await clearer signals for the market’s direction. Week ahead: Jolts, BoJ, NFP and lots of earnings There are at least a couple of major macro factors that could impact the Dow this week, while on a micro level, several tech names are reporting their results. 1) JOLTS Job Openings (Tuesday) With the Fed’s focus turning to employment, we will give preference to any labour market indicators over other data releases in the next couple of months. Though this data release is not very up to date (with this one covering August), it can still impact the market because job openings are a leading indicator of overall employment, and they usually take a few months to be filled. Last time we saw a surprisingly strong print of 8.04 million, aiding the dollar’s rally. 2) US nonfarm payrolls (Friday) Last month’s surprisingly good nonfarm payrolls data helped to fuel a big rally in the dollar as the market was forced to drop its calls for further outsized rate cuts from the Fed. Let’s see if those numbers will be revised and whether the strength in the labour market continued for another month. Any further strength in employment data could even call into question the now lower expectations of 50 basis points worth of more rate cuts in the next two FOMC meetings in 2024. This will undoubtedly move the Dow and other US indices too. Dow key levels to watch The technical Dow forecast has turned a tad bearish following last week’s drop. The last weekly drop of a similar magnitude took place in early September. That time, though, there was no immediate election risk, and so the index quickly bounced back and went on to hit new records in the pursuing weeks. This time, it could be different. Still, we will need to see a lower low to confirm the bearish reversal beneath the last short-term low at 41,800. If seen, we could see a sizeable drop with the next obvious support not seen until around 40,900 to 41,000 area. The longer-term trend line and 200-day average converge around the psychologically important area of 40,000. Standing in the way of these potential support levels is another one close to where the market finished on Friday and where it has staged a bounced from today, around 42,000. In terms of resistance levels to watch, the most important one in my view lies at 42,400 to 42,500. This area is now pivotal insofar as the short-term technical outlook is concerned. By Fawad Razaqzada, market analyst with FOREX.com
FOREXCOM:US30
by FOREXcom
DOW JONES: testing the 4H MA200 and is expected to rebound.Dow Jones is on a neutral 1D technical outlook (RSI = 48.958, MACD = 306.300, ADX = 31.951) as the Channel Up pulled back to almost test the 4H MA200 for the first time since the September 11th Low. This is basically the top of the support zone of the Channel Up and based on the 1D RSI, a strong buy candidate. We turn bullish, aiming at the 1.5 Fibonacci extension (TP = 43,900). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US30Long
by InvestingScope
DOW JONES ahead of an huge rally based on the 2017 fractal.More than a year ago (September 13 2023, see chart below), we posted a long-term fractal comparison for Dow Jones (DJI) between the 2022 - 2025 and 2015 - 2018 periods: As you can see the 1W MA50/100 Bullish Cross eventually placed the index on a huge rally (even though it had to go lower for a month) that hit Target 1 at 42000. The 1W RSI and MACD sequences in 2024 however evolved in such a how that we have to re-adjust the patterns in order to fit the 2017 price action. The charts now display very symmetric fractals and it appears that we are now on a short-term consolidation (circle) after a +50% rise from the September 2022 bottom. In November 2017, that was the final consolidation before the most aggressive rally of the Bull Cycle that made Dow top and then pull back to test its 1W MA50 (blue trend-line). As a result, we move our final target even higher at 49300, which represents a +71% rise from the 2022 bottom, similar to the rise that priced the January 2018 High. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:DJILong
by TradingShot
1