DOWJONES this week?!We saw on Thursday the market broke the structure and on Friday went for a retracement so I think we have a nice buy entry between 29400 - 29100 price it might go lower than that for stop loss hunt aka sell side liquidity smart money is Going to fill their bags at 30900-31200 levels.
DOW
Can Exhuberance in Stocks Last?Stocks have gained after ' shrugging off ' yet another worse than expected inflation print. Additionally, traders seem hopeful of good earnings prints as banks lead the way , with strong numbers. All major indexes have risen sharply, with the S&P 500 touching our level at 3758, just below highs at 3810. The Kovach OBV has picked up sharply with the momentum, but we will see if this will last. Netflix earnings are today and there are serious questions about subscriber growth. In the event of a strong selloff, we could completely retrace this move, with 3584 likely to provide support yet again. If we are able to break through 3810, the next target is 3825.
US30 breaks range as buyers continue to pushHi, and welcome to today's update. Focus today on the US30 as buyers continue to push the case for a new up leg.
In today's video, we run over price action that proceeded the move and the battle we watched last Friday and yesterday as traders tried to hold and move passed 30,000. The break above resistance in today's Asian session is a great sign, and we want to see buyers hold this move or continue it to confirm today's move.
If buyers can continue to push the market higher, we would like to see new higher highs and higher lows that show bullish control. If we see a fade in today's NY session that closes back below 30,300 or 30,000, this would be a worrying sign that we could see the range continue.
Buying has been broad so far today in the out of hours, with the SPX500 and NDX100 seeing solid gains. This is a good sign that buying interest is firm and wide across the indexes.
Let's see if buyers can carry momentum forward into today's NY session.
We like to hear from you, so please feel free to drop us a comment. We also run weekly webinars with guest analysts.
DJI Potential for Bullish Momentum | 18th October 2022The current overall bias for DJI is bearish , according to the H4 chart. However, because the CPI report was better than predicted, the short term trend is expected to be optimistic. Looking for a retracement buy entry at 29997.62, which contains the 23.6% Fibonacci line and the market gap Entry will be at the top of the market gap to prevent missing out on the trade. Stop loss will be at 28580.62, which is slightly lower than the previous low and where the 0% Fibonacci line is located. The take profit point will be at 32170.91, where the 61.8% and 38.2% Fibonacci lines and market gap is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
DJI Potential for Bullish Momentum | 18th October 2022The current overall bias for DJI is bearish, according to the H4 chart. However, because the CPI report was better than predicted, the short term trend is expected to be optimistic. Looking for a retracement buy entry at 29997.62, which contains the 23.6% Fibonacci line and the market gap Entry will be at the top of the market gap to prevent missing out on the trade. Stop loss will be at 28580.62, which is slightly lower than the previous low and where the 0% Fibonacci line is located. The take profit point will be at 32170.91, where the 61.8% and 38.2% Fibonacci lines and market gap is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Stocks Retrace GainsThe S&P 500 has found support at 3584 after the CPI dip tested the base of the 3500 handle. We have since solidly recovered the 3500's, with a strong burst of momentum breaking through to 3714, where a red triangle on the KRI confirmed resistance. We then fell back to support at 3584, and are currently seeing an attempt at a pivot. We identified 3617 and 3624 as two levels where we would see resistance and that is exactly what we are seeing. A red triangle on the KRI is confirming resistance at these levels. If we are able to break past them, expect further resistance at 3714. If we retrace, then 3584 should hold, otherwise the base of the 3500 handle should hold as a floor.
DJI Potential For Bearish ContinuationOn the H4 chart the overall bias for DJI is bearish. Looking for a potential retracement sell entry at 12906.26 where the 23.6% and 50% Fibonacci lines are. Stop loss will be at 13564.83, slightly above where the 61.8% Fibonacci line is. Take profit will be at 11862.84 where the previous low and 0% Fibonacci line is.
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DJI Potential for Bullish Momentum | 17th October 2022The current overall bias for DJI is bearish, according to the H4 chart. However, because the CPI report was better than predicted, the short term trend is expected to be optimistic. Looking for a retracement buy entry at 2906.42, which contains the 23.6% Fibonacci line and the -61.8% expansion line. Stop loss will be at 28522.60, which is somewhat lower than the previous low and where the 0% Fibonacci line is located. The take profit point will be at 30982.97, where the 38.2% and 0% Fibonacci lines intersect.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
EURAUD - LongUtilizing simple yet powerful DOW theory to spot the trend and find out the best possible entry, exit points.
Looking at the daily timeframe there are series of Higher highs(HH) and higher lows(HL), suggesting a bullish trend . Hence a possibility of following long position
Entry long : 1.56676
Stop loss : 1.5355 (a little below previous higher low)
TP: 1.62250
Will Dow Jones fall to 27k this year?My outlook for the stock markets this year is bearish and, in fact, I have expected a fall for around 6 months now. Although it didn't happen, YET, let's try to see the bigger picture and understand what's happening.
For the past 9 months, Dow30 was trading in a range. You may argue that we have higher highs in place, but this, in my opinion, is window dressing. In fact, Dow was trading at an average of 35500. Yes, indeed, 34k support held for 6 times, but recoveries after touching it are anemic, highs are marginal and this support held not because there was much buying power there, just lack of selling by big players.
My true opinion is that in this past 9 months we have had a large distribution, when " they" are done distributing is hard to say though...
In conclusion, I expect a drop for Dow (and indices in general) this year, and my target is 27k
Dow Jones Industrial Average relative strength on the riseThe overall US equity market is still having a hard time stabilizing and catching its footing, however, if we examine the major US indices closer we do notice more and more relative strength coming out of the Dow Jones Industrial Average.
This past week it never took out its September lows, the MACD momentum oscillator continues to climb aggressively, and on Friday we remained in the top 1/3 of Thursday's bullish engulfing bar.
I started a position on Thursday and will keep a tight leash risk managing it going forward. More notes on the chart.
US30USD YM1! DOW 2022 OCT 17US30USD YM1! DOW 2022 OCT 17
Support at 28886 long was fruitful.
Market is in rotation of 1800pts. Next target should be toward bottom
of rotation range 28635.
Possible scenarios:
1) Rotation play = trades to be taken at boundary of range.
2) Signs of breakout = look for higher lows / market loitering near
-> breakout of zone, --> test and accept of breakout = long
3) Signs of breakdown = look for lower highs / market loitering
near bottom of range --> breakdown of range --> Short on test and
reject of breakdown
Price reaction levels
Short on Test and Reject | Long on Test and Accept
32789 31793 31385
30513 28732 29639
29315 27741 26876
26212
Weekly: High vol up bar close off high toward middle = undecisive
Daily: Ave vol down bar close off at low = minor supply
H4: Very high vol down bar close at low = demand present
Remember to like and follow if you find this useful.
Have a profitable week ahead.
DJI Potential for Bullish Momentum | 14th October 2022On the H4 chart, the overall bias on DJI is on the bearish side with the price underneath the Ichimoku cloud , adding confluence to the bearish bias. However, the US CPI data release was better than expected so we can expect a short-term bullish momentum. Looking for a retracement buy entry at 29050.53 where the -61.8% Fibonacci expansion line and 23.6% Fibonacci line intersects. Stop loss will be at 28531.37, slightly below where the previous low is located. Take profit will be at 30851.83, where the 38.2% Fibonacci line is located.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
DJI Potential For Bearish ContinuationThe overall bias for DJI on the H4 chart is bearish. In addition, the price is below the Ichimoku cloud, indicating a bearish market. Look for an immediate sell entry at 30033.46, which is the 23.6% Fibonacci line. The stop loss will be set at 30840.50, which is the 382% Fibonacci line. The take profit point will be at 27215.49, which is the -27.2% Fibonacci expansion and 161.8% Fibonacci extension.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
DJI Potential for Bullish Momentum | 14th October 2022On the H4 chart, the overall bias on DJI is on the bearish side with the price underneath the Ichimoku cloud, adding confluence to the bearish bias. However, the US CPI data release was better than expected so we can expect a short-term bullish momentum. Looking for a retracement buy entry at 29050.53 where the -61.8% Fibonacci expansion line and 23.6% Fibonacci line intersects. Stop loss will be at 28531.37, slightly below where the previous low is located. Take profit will be at 30851.83, where the 38.2% Fibonacci line is located.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
DOW DAILY SAY: BUY PINBAR COMES IT CAN GO TO 31700strongly advice dont pick sell.. DOW CAN GO UP WILD AND DONT ALLOW YOU CLOSE YOUR SELL .looking for buy in deep and hold it 4-5 day
if you have old sells, put SL or hedge buystop on today high
good luck
DOW can retest the 3k? 🦐DOW after Fridays's NFP news dropped back at the 2900 level.
The main outlook remain bearish and a retest of the 3000 level can be seen.
How can i approach this scenario?
I will wait for the US market open and if the market will test the 0.618 fibonacci level and show us a sign of inversion i will check a possible short order according to the Plancton's strategy rules.
––––
Follow the Shrimp 🦐
Keep in mind.
• 🟣 Purple structure -> Monthly structure.
• 🔴 Red structure -> Weekly structure.
• 🔵 Blue structure -> Daily structure.
• 🟡 Yellow structure -> 4h structure.
• ⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Stocks Await CPI DataStocks remain subdued, with the S&P 500 maintaining a narrow range all week and hugging lows. The APAC session suggests that the markets are bracing for another extremely hot CPI figure, which some are saying could still be in the 8% range. A hot figure would confirm the Fed's hawkish stance and stymie hopes of a pivot to more dovish rhetoric. The Kovach OBV is completely flat as the markets await this print. We have a vacuum zone down to 3547, if current levels do not hold. On the other hand, we must break through 3617 and 3624, which have formed a hard uppr bound for now, if we hope to establish higher levels.
Dow Jones Index (US30): The Next Bearish Wave... 📈
Dow Jones Index is currently trading within a major weekly structure support.
To catch a trend-following movement, we should wait for a bearish breakout of 28600 - 30000 area.
Weekly candle close below that will most likely initiate a bearish continuation to 26500 support.
Be patient and wait for a breakout, traders!
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
Weakness Prevalent in the S&P 500Stocks appear to have bottomed out at 3584, with support confirmed by green triangles on the KRI. As predicted, we made an attempt for higher levels, but two levels at 3617 and 3624 are providing tough resistance. This is exactly what we predicted yesterday. If we are able to break through the next area of resistance is likely 3676. Risk sentiment is still slighted to the risk-off side, so we don't anticipate any significant rally in stocks any time soon. If we fall further, then 3547 is the next target.
DJI Potential For Bearish ContinuationOn the H4 chart, the overall bias for DJI is bearish. To add confluence to this, price is below the Ichimoku cloud which indicates a bearish market. Overnight, price has continued to consolidate around the 29650 area where the previous swing low is located. Looking for a sell entry at 30033.46 where the 23.6% Fibonacci line is located. There is a market gap near the sell entry which adds confluence to the area. Stop loss will be placed at 30840.50 where the 382% Fibonacci line is located. Take profit will be at 27215.49 where the -27.2% Fibonacci expansion and 161.8% Fibonacci extension is located.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
DJI Potential for Bearish Momentum | 12th October 2022The current overall bias for DJI is bearish, according to the H4 chart. To add to this bias, the price is currently below the Ichimoku cloud, indicating a bearish market. To add to the confluence of this sell entry, there is a market gap at 29672.85 close to the sell entry that appears to be fillable. To avoid missing out on this probable trade, the entry is positioned at the bottom of the market gap. Look for a sell entry at 29672.85, which is the intersection of the 100% Fibonacci line and the preceding swing low. Stop loss will be set at 30454.46, which is just over the 23.6% Fibonacci line. The take Profit region has been refined to be located at 28394.45, where the 127.2% Fibonacci extension line and -27.2% Fibonacci expansion line intersects.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Stocks Correct the RallyThe S&P 500 has completely retraced the small rally we saw at the beginning of October as sobering reality smacks down hopeful exhuberance. The markets are pricing in more hawkish rhetoric, and bracing for CPI on Friday. We made a valiant attempt to hit 3800, but quickly rejected the move all the way back to lows at 3584. We are seeing some support from green triangles on the KRI, but the price action is looking weak and if we break through, 3547 is the next level down. A relief rally will hit resistance at 3617 or 3624.
