Get started

DOW

TARGET REACHED Dow Jones at 37,242 - Still bullishReverse Cup and Handle formed on Dow Jones. The price broke up and since then has been rocketing to its first target at 37,242. Now that it is the new year generally we can expect the January Effect to kick in with enhanced optimism and positive buying. I don't like the USD looking to strengthen though, that might change the course. RIght now I don't have a setup or pattern line up. SO we will just go with the momentum and trend. Let's see if we can hit 40,000.
DJ:DJILong
by Timonrosso
DOW JONES: Under the 4H MA50 for the first time in 2 months.Dow Jones has turned neutral on the 4H technical outlook (RSI = 55.920, MACD = 42.900, ADX = 19.367) as today it crossed under the 4H MA50 for the first time since November 1st. Even though the price remains inside the two month Channel Up, this 4H MA50 crossing constitutes the first validated sell signal coming off the big Bearish Divergence on the 1D RSI which is trading inside a Channel Down. Even though the S1 level is the first level of Support, we expect the pullback to correct a sizeable portion of that rally and target the 1D MA50 (TP = 36,000) around the S2 level with a relative tolerance range up to the 0.382 Fibonacci level. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US30Short
by InvestingScope
Dow Jones Gap Fill TradeHow many gaps get filled? Gaps in the chart fill 80% of the time . ...................................................................................................................... We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature. and are therefore are unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
CBOT_MINI:YM1!Short
by CryptoTrend-Alerts
Same story, different fuel. Really could have been avoided. Powell had no choice to print during the pandemic, we cannot fault him for that. Ignoring the US Debt problem? Not rising the rates sooner? Not allowing weak banks to fail? Not allowing real estate to be crushed? What is the point of the Interest rate system if you're just going to always pick the light method out that causes a super bubble that will end in chaos. Here we are at 2023 like 1927 where the rate's are lowered and the folk are happy their "homes" will rise in value to lower interest rates. Happy their "stocks will increase" Careful what roller coaster you sign up for because the drops can be brutal. We learn nothing from history.
AMEX:SPYLong
by FederalXBT
4
DOW JONES Correction expected due to insanely overbought RSI.Dow Jones (DJI) easily hit last week's (December 12) target (37000) at the top of the 2-month Channel Up (see chart below) with the price grinding ever since on its top: That was a short-term signal, today we shift our attention to the medium-term and the 1D time-frame where the 1D RSI is 'insanely' overbought near 87.50, a level it hasn't touched since January 2018. In fact if we look a little longer, we can see a perfectly fitting sequence with today's price action in late 2016. The 1D RSI got hugely overbought at 87.40 on December 13 2016 and pulled-back to the 1D MA50 (blue trend-line) before resuming the uptrend. This overbought 1D RSI peak was made after two straight Channel Downs leading to approximately +9.58% and +14.50% rises, which is quite similar to what's been happening since April. This tells us not to engage in any buying any more, even though due to being on the end of year euphoria and post Fed rate cut anticipation, it can rise some more. But the risk is higher now than buying near the 1D MA50 again. ------------------------------------------------------------------------------- ** 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:US30
by TradingShot
1
Bears, if you're reading this it's too late We are in a highly volatile, increasingly risky environment with overwhelming bearish sentiment. - What the news has to say: "no hope, inflation, recession, bear market, war, fire, brimstone, kim kardashian tho, inflation, recession, etc..." (I can paraphrase: FUD) - What the math has to say: Most likely path over the next few weeks is an explosive run to 430s to complete X2 of a triple combo, followed by one more leg down to around 348 to complete Z - and thus, complete corrective wave IV. After that we will see a new All time high in wave V in late 2022/early 2023. ...This is nothing new, a lot of ideas are circulating on tradingview by those that know Elliot Wave very well - and until I get confirmation otherwise I have to agree that is the most likely case. This post, however, is meant to accomplish 2 goals: 1) Emphasize/make everyone aware that we are set up to see some very explosive upside over the next few weeks, starting Tuesday July 5th. I'm not talking about the usual pop and drop everyone has been conditioned to expect these last 6 months. Rather, at least +50 points of squeeze-the-FUD upside is about to unfold and be realized by the end of July/early August. I have reason to believe, based on the math, that the big money has been carefully setting the stage for this run. The objective is to test their horns... see if they can leverage this negative environment to mark this up and invoke chaos - which they'll use to their advantage to test carryover demand and confirm the overhanging supply has been absorbed as my chart suggests. 2) Present an alt. path to new highs in August 2022. I'm talking MOASS. Without going into detail on the math here, I must admit the setup is both sophisticated and familiar - evidence to the trained eye that bears might be in some serious trouble. Talk is cheap though, I said everything I want to say in the chart, now here is my prediction... I suggest you mark this post in case what I'm indicating does indeed play out, you'll want to know the timeline, roadmap, and time frames to look for: - We will gap up above 384.11 Tuesday morning, 7/5. We won't look back. - We will continue to fill the gap from 396-401, and end next week (7/8) above 404 - We will then have until July 12th to make it over 424.12 for the alt. path to remain on the table... There is something that occurs above 424 (given it is hit by 7/12) that will trigger explosiveness to break above the blue trendline across the higher high we ran into early June? What is that something? It has to do with the determinant of a linear system composed of retracement and extension pairs shifting orientation in space (within the temporal constraints defined by implicit and explicit supply/demand equilibrium points... if you figure it out then you're welcome, you've tasted the forbidden fruit). From here I'll give the conditional expectations: ~ If we clear 424 by 7/12 the next stop will be 463.69 by July 25th, followed by a test of the blue trendline for support, and then if we make above 463-468 by July 25th we will see something that I'd expect to go down in history as the Mother Of Really Even All Squeezed Shorts... Led by GME (no cap)... and resulting in a new All time High sometime in August 2022. If this occurs I expect consolidation at 505, 524, and then the beginning of the true distribution phase around 536 where wave V should complete before we enter the real recession, the real bear market, the real long winter. ~~ If we get rejected at or before 424 and it fails to breach it by 7/12, then we will still likely make one more leg up to the 430s where they will distribute at a much smaller scale before throwing in the towel (for now) and preparing for a Z wave down to around 348.. from there they will devise a successful accumulation scheme to end this wave IV once and for all in September - November 2022. *Note: they already failed once back in March, they failed because it couldn't breach the critical level (at the time) of 468, and then it failed to hold 458, so they had to scramble and distribute down that disgusting Y wave until the overhanging supply was completely absorbed (that intersection of the light purple and light blue trendlines formed back in September/October of 2021 is what I'm referring too - that intersection of the 2 at the end of last week is what I'm seeing as confirmation its been dealt with. Assume they condition their algos to adapt like they condition retail to buy dips and sell pops at the perfectly worse time - an operant response. If you can figure out whats going on in the busy regions then great for you. If not, don't worry, you can FOMO soon like everyone else with or without eyes. Love you too. Heed, XOX Guardian yP.S. we are from the dimension that exists in Y our future, translated in O ur past via R.E.M. within the dimension that exists in Y our present... or did
AMEX:SPYLong
by JerryManders
42
DOW JONES has entered the SELL ZONEDow Jones / US30 has broken into the 0.786 - 1.000 Fibonacci zone, which is the top range of the Channel Up since September 2022. That is the most efficient range to start adding shorts as a corrective Channel Down is expected to start in January. Wait for the 1day MACD to form a Bearish Cross. Target 35450, which is the 0.236 Fibonacci level and has been touched by both previous Bearish Waves of the Channel Up. Previous chart: Follow us, like the idea and leave a comment below!!
CAPITALCOM:US30
by TheCryptagon
DOW JONES - If This Count Is Accurate, The Last Wave Has Begun.While the channeling doesn't align entirely with my preferences, the symmetry resulting from the alternation, particularly between major Wave 2 and Wave iv of Wave 3, effectively constrains the price action. Notably, the correction spanning from 2018 to 2022 is identified as major Wave 4, which, in my assessment, appears relatively minor due to prior alternation patterns. I'd like to draw attention to the expanded corrections, predominantly observed at the upper end, each validated by AriasWave counts in terms of wave identification. It appears that we are currently in the conclusive phase of major Wave 5, expected to conclude around the 54,000 mark if its length is approximately akin to that of Wave 1. The upcoming months will be intriguing to observe developments in this vicinity. It is worth noting the characteristic nature of Wave 5 as a perceived weak final move, a fitting observation given the prevailing market conditions and the absence of significant strength in other markets.
TVC:DJILong
by AriasWave
2
DOW JONES Channel Up still intact.Dow Jones reached the top of the Channel Up that started in late October and turned sideways. The longer this pattern stays intact, the more every pull back is a buy opportunity. The MA50 (4h) is supporting since November 1st, showing the sheer strength of this bullish trend. Trading Plan: 1. Buy on the current market price. 2. Sell below the MA50 (4h). Targets: 1. 37800 (under the 1.382 Fibonacci extension which was the target top of the mid November consolidation). 2. 35600 (projected contact with the MA200 4h). Tips: 1. The RSI (4h) sequences among the two bullish legs are identical, confirming the bullish sentiment towards the 1.382 Fibonacci. Please like, follow and comment!! Notes: Past trading plan:
CAPITALCOM:US30Long
by TradingBrokersView
DOW JONES: Correction imminent. Buy at the right time.Dow Jones made new All Time High yesterday and today reached the 0.786 Fibonacci Channel level of the 14 month Channel Up pattern. Needless to say it is massively overbought on the 1D timeframe (RSI = 79.702, MACD = 696.100, ADX = 90.584). The sheer strenght of this rise since the October 27th bottom can only be compared to the first rise of the Channel in October-November 2022. After almost reaching the 0.786 Channel Fibonacci level, it pulled back to the 0.236 horizontal Fibonacci and then moved to a +19% rise before a consolidation that made the Channel's blow off top. Consequently, we cease our buying at the moment and will wait for that short term correction to the 0.236 Fibonacci (36,160). This will be our next buy entry to target the +19% extension (TP = 38,450). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US30
by InvestingScope
DOW Elliott Wave Analysis for Friday 15/12/2023We made a new high in the DOW JONES and this has some implications. The wave ((2)) low could be in after a triple three correction or WXYXZ structure. This would mean that we are now working on an impulse. The upward structure is strong and we start to see 5 waves. It becomes less likely that the upward move is corrective. In case the upward move is corrective, it could be that we are still working on the wave ((2)) but as an expanded flat.
OANDA:US30USD
by AndyCuckoo
US30: Thoughts and Analysis Pre-FOMCToday's focus: US30 Pattern – N/A Support – 36,280 Resistance – 36,900 Hi, and thanks for checking out today's update. Today, we are looking at US30 on the daily chart. Today's video asks if US30 will continue to track higher despite being well off its moving average. This can be a warning if you believe in mean revision. The other point we are looking at in today's report is whether we will see a stall at resistance and previous highs if the price continues to increase. A key driver could be tomorrow's FOMC; traders will be looking to see if rates remain on hold as expected and what we will hear from the FED in the statement and projections. Ideas are that we could see an end to aggressive rate policy, and what could be coming next? If it's dovish, we will look for stocks to rally; if it's hawkish, we will look for stocks to decline. Expectations are already in for May rate cuts to be priced in. Will we hear anything from the Fed to substantiate this? The FOMC will be held at 6:00 am AEDT, and the FOMC press conference will be held at 6:30 am Thursday. Good trading.
ULong
by Eightcap
DOW Elliott Wave Analysis for Wednesday 12/12/2023We made a new high in the DOW JONES and this has some implications. The wave ((2)) low could be in after a triple three correction or WXYXZ structure. This would mean that we are now working on an impulse. The upward structure is strong and we start to see 5 waves. It becomes less likely that the upward move is corrective. In case the upward move is corrective, it could be that we are still working on the wave ((2)) but as an expanded flat.
OANDA:US30USD
by AndyCuckoo
December E-Mini Dow Jones Index Futures Weekly ChartDecember E-mini Dow Jones Index futures continued the uptrend that saw a break above the resistance line formed by connecting the high in January 2022 with the high in July 2023. With CPI, PPI, and a Fed announcement this week, there are certainly enough possible catalysts to turn this market to the bearish side. The MACD showed a bullish cross about a month ago and is not indicating a slowdown in momentum. The RSI at 62 on 12/8 indicates that there still may be room for price to continue bullish. Should the uptrend continue, a possible target (and resistance is the previous high of 37,906. A reverse to the downside might see the 61.8% Fibonacci retracement level (34,790) as support. Please Note: Commentary and charts reflect data at the time of analysis (12/08/23). Market conditions are subject to change and may not reflect all market activity.
CBOT_MINI:YM1!
by Tradovate
US Economy Has Entered A Potential Parabolic Phase End I think this is the most important macro trend to pay attention to in our economic history, I see many 1930 comparisons with 2023 saying we are at the "1931" collapse point but all economic data is pointing that we are most likely at the 1927-1928 stage and crazy enough when you compare the macro trends they make the same giant symmetrical wedge pattern. Now I'm going to share some archives of The New York Times from the same period to see where the mentality is. -------- November 17, 1927 "98 and interest, to yield about 5.75%" "temporary bonds" -------- October 30, 1928 "London Paper Predicts Crash on Change There It Speculation Goes On. LONDON, Oct. 29.—Speculative activity on the London Stock Exchange which sent prices of certain shares of doubtful value bounding upward, led the Daily Express to issue a solemn warning that a crash was certain to come unless the stock-gambling mania ceased." -------- November 3, 1929 "SEES WALL ST. REACTION. Stock Decline Will Aid Real Estate, Says Mandelbaum." -------- November 25, 1929 "ASKS STATE INQUIRY ON STOCK RECESSION Senator Hastings Wants the Governor to Name Committee of Business Leaders. MENTIONS SHORT SELLING But Finds Law Passed to Prevent It Failed of its Purpose and Was Repealed in 1857. Sees Short Selling a Factor Doubt As to Remedy." -------- Here we are again different stages, different cycles. But the main difference is our system bailed out our crashes since 2001 starting with interest rate cuts, we can clearly see the ups and downs are more violent when the FRED intervenes in the market. Do I suspect we get a giant crash in a few years? unlikely the FRED will not debase / change the rules but stopping a new parabolic run up is much harder to stop. They printed too much currency in 2020 now that inflation is halted via the fastest rate cycle in history where is all this capital going to flow into? correct equities and crypto. Best to remember the 1929 quote of the thought of "Banning Short Selling" my guess is IF this starts to turn into a parabolic secular cycle ending the FRED will start to control the markets and limit ability to sell / short sell or QE / YCC the market during the final stage. We will know if this is repeating if the wedge breaks out from now to early 2024.
SP:SPX
by FederalXBT
DOW JONES Next stop 37000Dow Jones held the MA50 (4h) today after the initial NFP decline. This keeps the Channel Up intact on its upper layers, aiming for a new Higher High. Trading Plan: 1. Buy as long as the MA50 (4h) holds. 2. Sell if it breaks. Targets: 1. 37000 (Fibonacci 1.78 extension, like the Nov 15th Higher High). 2. 35700 (bottom of Channel Up). Tips: 1. The RSI (4h) rebounded exactly on the level (Support 1) the Nov 9th did. The two legs are so far very symmetrical and promt to the extension of the Channel Up. Please like, follow and comment!! Notes: Past trading plan:
CAPITALCOM:US30Long
by TradingBrokersView
DOW JONES Channel Up showing the way to All Time Highs.Dow Jones (DJI) hit the top of the Channel Up without a pull-back, which as we noted (see chart below), was a bullish break-out signal above Resistance 1 (35700) So you might be wondering, what about Santa's rally? Is it still feasible? It is technically, even if the index breaks lower next week. So far the short-term Channel Up on the 4H time-frame is holding, with the 4H MA50 (blue trend-line) supporting right on its bottom (Higher Lows trend-line). As long as this holds, we remain bullish, targeting the 36960 All Time High (ATH). If it breaks, we will short-term target 35300 (first level of the dashed Support range) and then get on the reversal. Ideally we would like to see the RSI oversold on the 30.00 mark before entering a low risk buy. ------------------------------------------------------------------------------- ** 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:US30
by TradingShot