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Dow30

DOW JONES ready to rally! Inflation peaked on a 100 year line!The Dow Jones index (DJI) has been on an enormous rise since late September that even made a Higher High above the 2022 descending Resistance. With inflation being the main catalyst of this 2022 correction, it should come as no surprise that when it normalizes, the index can start seeing growth again. Well on July the Inflation Rate (USIRYY) got rejected on its most important Resistance level, the Lower Highs trend-line that has been in place since May 1920! This 100 year old trend-line has had another 2 rejections on inflationary peaks (February 1947 and March 1980). As this chart shows, every inflation drop from a Lower Highs peak was followed by a multi-year rally on Dow Jones, essentially a new expansion period. An exception parhaps was May 1920 when DJI continued to fall for another year, despite a massive correction on Inflation. As a result, if this Inflation rejection is sustainable and is the start of a major correction, it is more likely to see the stock market rally and enter a new period of growth. What do you think? ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, 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 me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:DJILong
by TradingShot
7
US30 (High Probability SELL Setup SOON)!! Here we can see clearly the next move for US30 today, we've got a clear Bearish Symmetrical Triangle, which shows us a clear SELL Setup SOON, We're using M15 TF for a clearer view of our analysis, hence we can't predict the duration of the setup execution, We've got our EP (blue line) & our TP (golden line), Keep a close eye on US30 today, especially with the release of U.S. NFP at 1:30 (GMT+00:00) London Time Zone, HAPPY PIP HUNTING TRADERS. FXKIllA.
FX:US30Short
by FX-PIPHUNTER
4
DOW JONES most likely topped at least short-termIt has been almost 6 weeks since Dow Jones (DJI) broke above the top (Lower Highs trend-line) of the Bearish Megaphone pattern that it has been trading in since the start of the year and the beginning of the 2022 correction. At the same time it broke above the 1D MA300 (yellow trend-line), which as we've mentioned numerous times was the barrier for a long-term bullish trend restoration: As the price was basically rejected on the 34300 Resistance 1 (August 16 High), we can argue that the October - November rally has come to an end, with the price breaking below the Rising Wedge, while also the MACD on the 1D time-frame completed a Bearish Cross (red arrows). Unlike the previous counter trend rallies within the Bearish Megaphone, this time we may have the luxury to expect only a short-term pull-back, and not a new long-term selling sequence to a new market low. As you see, we were correct for calling the area within the 34300 Resistance and the top (Lower Highs trend-line) of the former Bearish Megaphone, a 'No trade Zone'. A potential Support (and bounce point) can be that Lower Highs trend-line itself and if broken, the 1D MA50 (blue trend-line), which is traditionally the first Support during long-term uptrends. All this of course, assuming that the 4H MA100 (green trend-line), which is supporting now, breaks. If not, we can see one last attempt to break and close above Resistance 1 (34300) and target Resistance 2 (35550). On a side note, see how the 1D RSI has been printing a Top formation similar to late March - early April. Also the November 25 top came exactly 234 days after the October 02 Low, which is symmetrical to February - April. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, 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 me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
ULong
by TradingShot
1
US30 (High Probability BUY Setup SOON)!!!! Here we can see clearly the next move for Dow30, By forming Inverse Head & Shoulder Reversal Pattern (W), Buying pressure from 33631 resulted in all the initial selloff being recaptured, An overnight negative theme in Equities has led to a lower open this morning, A break of bespoke support at 33650, & the move lower is already underway, We're using M15 timeframe for a clearer view of our analysis, nothing more, therefore we can't predict exact timeframe our analysis going to happen, We've got our EP (blue lines) & our TP (golden lines), Keep a close eye on U.S. indices today as it's full of fundamental news, especially with Fed Chair Powell Speaks at 6:30 (GMT + 00:00 London), HAPPY PIP HUNTING TRADERS. FXKIllA.
FX:US30Long
by FX-PIPHUNTER
US30USD YM1! DOW 2022 NOV 28 US30USD YM1! DOW 2022 NOV 28 Scenario1 continuation long was in place from Nov 07's analysis. Weakness are appearing on all timeframes. Tighten stops on long positions. Volume was thin due to US holidays. Expected to remain thin as year end approaches. Possible scenarios: 1) Temporary short if 34246-33800 is rejected 2) Stay out of market since volume is thin 3) Continuation long if 34246-33800 is supported Price reaction levels Short on Test and Reject | Long on Test and Accept 35750 35330 34246-33800 33106 31793 30513 28635 Weekly: ND on uptrend = minor weakenss Daily: Declining volume + narrow spreads = weakness H4: Supply observed Remember to like and follow if you find this useful. Have a profitable week ahead.
CBOT_MINI:YM1!
by paradox677
DOW JONES doing what it has always done through history. Rising.This is the Dow Jones Industrial Average Index (DJI) on the log scale since the great depression of the 1930s. A lot of talk is being done lately on whether or not this recent rally is sustainable, or if the high inflation can cause a deeper correction etc. In order to put things into perspective it is always useful to look into the longer term charts, preferably on a multi-year horizon. This is on the 1M (monthly) time-frame where we've applied the Fibonacci Channel and its retracement levels on this 90 year price action. It is easy to realize that the Fibonacci levels have historically created zones of Support and Resistance. Right now, and despite the 2022 correction (Bear Market), Dow is within the 0.5 - 0.618 Fib, which is part of the larger 0.382 - 0.618 Fib Zone, which we call "Healthy Bull Zone" as when the index stays within it, it tends to rise on healthy growth levels. To make things more interesting, Dow's early January top (All Time High) and subsequent rejection was made exactly on the 0.618 Fib. It shouldn't be a surprise that the recent October low and the subsequent rebound was made on the 0.5 Fib. This is a Support trend-line that 2017 only broke once during the 2020 COVID crash (which remarkably touched the 0.382 Fib and rebounded). In this 5 years Dow has been rising sustainably within this tight top half of the Healthy Bull Zone. In fact, when the index trades within two levels tightly, it tends to do so for a very long time. Such periods are indicated by the blue ellipse patterns and besides the 2017 - 2022 one, we can see another 6 major periods. As a result we can argue that right now Dow Jones is doing "what it always done through history" and that is rise sustainably within a tight Fibonacci zone long-term. This makes the index as bullish as it ever was. Some added facts on this Channel. As you see we've categorized the zones based on the likely outcome they can provide. Next to the Healthy Bull Zone we see the Oversold (0.382 - 0.236 Fib) and Overbought (0.618 - 0.786 Fib) Zones, which is where the index presents a rare buy and sell opportunity respectively. In fact the 2008 Housing Crisis put us in an oversold position most recently and before that it was the 1987 Black Monday event. At the top of the Channel we have the 0.786 - 1.0 Fib 'Collapse Zone', where a mega collapse event is likely, and the index has only been there at the height of trading before the Great Depression. At the bottom of the Channel we have the 0.236 - 0.0 Fib 'Once in a life time buy opportunity Zone', which as you can imagine is the extremely oversold region where Dow has historically been the most attractive level to buy. The very bottom (March 2009) of the Housing Crisis marginally pierced through and before that (again marginally) the 1987 Black Monday. ** It is worth noting that from 1974 to 1986, the market traded almost entirely within this extremely oversold Fib zone. It was when the U.S. were ravaged by extremely high inflation levels (aftermath of the Vietnam war among others), with many sceptics today comparing the present day to that era. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, 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 me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:DJI
by TradingShot
6
DOW JONES Holding the 1W MA50 could repeat the 2016/17 rally!This is the price action of the Dow Jones Industrial Average Index (DJI) since the 2008/09 Bear Cycle of the Housing Crisis. On the log 1W chart, we can fit it within a Channel Up pattern, with the January 2022 top as its latest Higher High. As you see there is considerable room to fall and touch the bottom (Higher Lows trend-line) of the Channel Up but on the Sep 26 - Oct 10 1W candles, the 1W MA200 (orange trend-line) acted as Support and pushed the price back above the 1W MA50 (blue trend-line). It is important to mention that while the candle action was on Lower Lows, the 1W RSI was on Higher Lows, i.e. on a Bullish Divergence. The last time we had all this conditions fulfilled together, was during the August 2015 - February 2016 correction. As you see, the RSI was on Higher Lows while the price Double Bottomed, found Support on the 1W MA200 and rebounded back above the 1W MA50. The 1W MA50 then turned into a Support and never broke and that gave way to the very strong 2016/17 rally. You can see that its bars pattern fractal (black) fits almost perfectly on the late 2021/2022 price action. As a result, we could expect a gradual recovery into a strong rally in Q3 2023, especially if the 1W MA50 holds as a Support. If not, the 2022 Channel Down (red) can give more Lower Lows until Dow hits the bottom of its 14 year old Channel Up. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, 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 me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:DJI
by TradingShot
8
Dow Jones 30 Index: Trending higherCurrent price seems to continue to push above the mid-September highs with further short term (5-25 days) upside potential spotted near 33,785 ( 61.8% retracement from the 52 week low) long positions could be technically supported provided price hold above the 32,135 support, otherwise a break below support opens up the prospects for a test of 31,275 (38.2% retracement from the 4 week high) Upcoming key economic events: Wednesday November 02 2022 - United States Fed (FED) interest rate decision Thursday November 03 2022 - Bank of England (BoE) and Norges Bank (Norway) interest rate decisions Friday November 04 2022- United States monthly non-farm payrolls (NFP) Not investment advice. Past performance is not indicative of future results.
SKILLING:US30Long
by Skilling
US30 (High Probability SELL Setup Soon)Here we can see clearly the next move for US30, * Prices have continued the bullish move higher & resulted in 3 consecutive positive days. * This has resulted in signals for sentiment being at overbought extremes & we look for a move to the downside. * A lower correction is expected. * A break of 31690 bis needed to confirm follow through negative momentum. * We got our EP (blue line) & our TP's (golden lines). * Keep a close eye on US30 today, * Happy pip hunting traders
FX:US30Short
by FX-PIPHUNTER
4
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
UShort
by Mihai_Iacob
23
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.
CBOT_MINI:YM1!
by paradox677
YM1! US30USD DOW 2022 OCT 03 US30USD YM1! DOW 2022 OCT 03 Dow Scenario2 breakdown yielded 700pts for last week. congrats to those who shorted. Possible scenarios: 1) Short on rejection of trendline // 29639 // 28886 2) Prepare to long if round bottom is observed and market retraces during an upward move and finds support. 3) Market rotates, then find trades at edge of rotation zone. (Yellow box) Price reaction levels Short on Test and Reject | Long on Test and Accept 32789 31793 31385 31042 30636 30202 29639 29315 Weekly: Higher vol & narrower spread down bar, close off low = minor demand (ave vol on bar itself) = demand coming in Daily: Ave vol down bar close off low = No Supply H4: Vol showed buying on the downtrend. Coupled with possible SPRING setup Remember to like and follow if you find this useful. Have a profitable week ahead.
CBOT_MINI:YM1!
by paradox677
Selling US30 into current resistance.DOW30 - Intraday - We look to Sell at 29608 (stop at 29955) The primary trend remains bearish. We are assessed to be in a corrective mode higher. Bespoke resistance is located at 29700. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower. Our profit targets will be 28828 and 28600 Resistance: 29700 / 31100 / 32600 Support: 28800 / 26000 / 23500 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:US30USDShort
by OANDA
1
Joe Gun2Head Trade - Selling the weakest of the US indicesTrade Idea: Selling US30 Reasoning: Selling the weakest of the US indices Entry Level: 29352 Take Profit Level: 28585 Stop Loss: 29675 Risk/Reward: 2.37:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
UShort
by Signal_Centre
1