Dow Jones
# Dow Jones - H1
📣 By analyzing the 1-hour timeframe, with the breakout of the resistance level around 41,124, you can consider buying with a target of 41,500.
⛔️ Stop Loss: 40,800
On the other hand, with the breakout of the 40,800 level, a decline in the index towards 40,400 is expected.
⛔️ Stop Loss: 41,124
Dowjones
Why a Cautious Bull on the US Markets?This is a classic bull market—smooth and trendy. However, it has become a cautious bull, moving within a much wider range, similar to what we observed after March.
Especially in July and August: For the Nasdaq, it was down by 17%, but it has since recovered within a two-month period.
Is this good or bad? It really depends on how we've positioned ourselves. If you're an investor, seeing your July positions slump so much only to recover so quickly could be quite unsettling—it might even give you a heart attack. But if you're a trader, you should find this volatility interesting and take advantage of it.
Micro E-Mini Dow Jones Futures & Options
Ticker: MYM
Minimum fluctuation:
Outright: 1.0 index points = $0.50
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
US30 Daily/4hr/1hrBefore:
Pre Analysis: Looking for price to respect 41,230 to take long position. In this area we've had multiple rejections which formed a beautiful 1hr support. On the 1hr we can see a possible liquidity grab around 41,180 where on a higher timeframe (Weekly + Daily structure) we have respected putting in HL.
After:
41,230 Area respected again putting in bullish momentum.
NASDAQ INDEX (US100): Pullback From Support
US100 may pull back from a key daily/intraday horizontal support.
As a confirmation, I spotted a double bottom formation on a 4H time frame
and a confirmed violation of its neckline.
The market may reach at least, 19755 level soon.
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DOW JONES The pattern that never failed is now targeting 48000Dow Jones (DJI) gave us the best bullish break-out signal of the year 8 months ago (December 13 2023, see chart below), as our buy entry at 36577 is very close to hitting our 42900 Target:
At that time we made a clear point why that rally 'shouldn't surprise you' and now you see why. This 1W time-frame chart shows the cyclical behavior of the index, which peaks (Sine Wave top) then pulls back and starts forming a Rising Wedge (Sine Wave bottom) and when it breaks above the Rising Wedge, is where it flashed the bullish break-out signal we got back in December.
As you can see it then starts a gradual rise on the BB20 and completes the Cycle again (Sine Wave top) after roughly a +47% rally. The title mentions that this pattern 'never failed', in practice it only broke during the COVID flash crash, which is a non-technical event than occurs once every 100 years. As you can see even the 1W MACD sequences between the cyclical patterns are identical.
As a result, our Target towards the Sine Wave peak is 48000.
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Why the 'record high' on Dow Jones underwhelms...Another day, another record high for a US stock market. Only the one seen on the Dow Jones underwhelms given it is not backed up by its own futures market, let alone its peers. We're also approaching end-of-month flows (which can prompt fickle price action). And keep an eye on the Nvidia earnings report on Wednesday (US) which can single-handedly drive sentiment on Wall Street.
XAU/USD : Key Levels and Trading Strategies to WatchBy reviewing the #Gold chart on the 2-hour timeframe, we can see that today the price climbed to higher levels, reaching the $2525 range. Currently, there has been an initial reaction to this supply zone. The price is close to its historical high of $2531, and we need to see if it will stabilize below $2520 or above $2527 in the next 4 hours. Day traders will need more confirmation before taking a SELL position, while scalpers can look for suitable SELL triggers within the $2527 to $2532 range, managing risk carefully and taking quick profits. My medium-term outlook on gold remains bullish, and I expect to see the price reaching $2550 and $2600 soon.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
((2+4+7+13+15+18+26+36+38+69+87+101+183+209+1000+1002+1000000000+1000000001+ 1000000853)^♾️*69) + 1 !
DJI - Key Resistance Zone 4 HourDJI has entered a key resistance zone of the 4 HOUR time frame.
There are 3 likely scenarios. A,B,C on the chart.
We are waiting for a definitive move on the charts, we are looking for a BREAKOUT, either BIG VOLUME breaking the resistance level, or a REJECTION of the resistance level, followed by great volume.
The third move that could be made is ACCUMULATION / RANGING. Where there is little to no volume with no definitive move, we will NOT ENTER if this is the case.
Dow Jones Index (US30): New All Time High Soon?!
US30 may update the all time high soon.
The market closed, testing a major daily structure resistance
based on a current all time high.
A bullish breakout of the underlined blue area will give us a strong bullish signal.
A bullish continuation will be expected at least to 42000.
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Dow30 - US30 Faces DownturnBLACKBULL:US30 has returned to a crucial resistance zone, which aligns with a bearish technical setup. After the recent decline, this move back to the resistance suggests that a further drop may be imminent, especially if the index fails to break above this zone. The pattern indicates that TVC:DJI could start its downward trend again following a retest of this level, where sellers are likely to re-enter the market.
Fundamentally, the rising unemployment claims in the U.S. have heightened fears of a recession. With more individuals out of work, consumer spending could slow down, which negatively impacts corporate earnings and the broader economy. This situation could exert additional downward pressure on the Dow Jones, making the possibility of a significant decline more likely as investors brace for potential economic contraction.
Fed Minutes & Jackson Hole Speech Set Stage for Market Movement
Market Outlook:
Minutes from the Fed's July policy meeting are due later today, followed by Chair Jerome Powell's speech at the Jackson Hole economic symposium on Friday. Market participants expect Powell to hint at a potential rate cut in September, though any emphasis on persistent inflation could dampen investor sentiment. According to the CME's FedWatch tool, there is currently a 69.5% probability of a 25 basis-point cut and a 30.5% chance of a more aggressive 50 basis-point reduction.
Current Technical Outlook:
The trend suggests a potential upward movement as long as the price stays above 40,800. The market is expected to consolidate between 41,030 and 40,850 until a breakout occurs.
Bullish Scenario:
If the price trades above 40,850, it could drive an increase toward 41,030, with further gains potentially leading to 41,345.
Bearish Scenario:
Should the price reverse and stabilize below the pivot line at 40,800, a bearish trend may emerge, targeting 40,480 and 40,320.
Key Levels:
Pivot Line: 40860
Resistance Lines: 41030, 41345, 41600
Support Lines: 40700, 40500, 40330
Expected Trading Range Today:
The price is likely to fluctuate between support at 40800 and resistance at 41130.
Trend: Upward movement.
DOW JONES Don't lose sight of the great picture. Still bullish.Last week, while Dow Jones (DJI) was still under its 1D MA50, we called for a major rally, as technically the 5-month Channel Up has just priced its new Higher Low:
The index has now almost reached the Target of the first Bullish Leg of this pattern, pointing to a potential relief next.
On the larger picture however (1M time-frame), we had posted an article named 'Secret Cycles' on April 12 2024 (see chart below), during Dow Jones' previous pull-back that again inflicted fear in the markets, calling for a strong buy:
It is this chart that we revisit and expand up today, as we don't think the long-term trend has changed. We want to maintain a clear long-term perspective and following August's massive recovery 1M candle, we believe that Dow will enter by Q4 2024, the final stage (rally) of its current Cycle.
That has historically been 1 year at least, so as long as the index keeps holding and closing the monthly candles above the 1M MA50 (red trend-line), we will continue buying all monthly dips. Our 48850 long-term Target is intact.
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Resistance is ahead! Can the Dow Jones make a break through?
The index is clearly demonstrating a strong upward trend, consistently achieving higher highs and higher lows.
During this upward movement, it previously established a bullish Pole & Flag pattern, and after breaking out, the index has continued to rise.
At present, the index is trading just beneath its next resistance level.
If the Dow Jones manage to break through and hold above this breakout point, it is likely to initiate a new rally.
Additional rebound in US30 remains possible
US30 is showing a continuous uptrend as expectations for the US economy arise, along with the anticipation that Chairman Powell may provide clues about rate cuts at the Jackson Hole meeting. Goldman Sachs lowered its 12-month recession probability for the US economy from 25% to 20% following the release of July retail sales and jobless claims data.
The current market consensus is that the August employment report will determine future US30 price movements. Morgan Stanley stressed that the report's outcome will be the real test for the market, warning that a report showing weak employment would reignite growth concerns.
US30 quickly breached EMAs and continued its uptrend, rising above the trendline. The index needs an additional price trigger to retest its highs, but the current positive trend is expected to continue for the time being.
If US30 sustains support above the trendline, the index may gain upward momentum toward the 41500 high. Conversely, if US30 is pushed below the trendline and fails to hold above EMAs, the price may break the 39300 support and fall further to the 38000 level.
Hellena | DJI (4H): Long to resistance area 41000.Dear Colleagues, because the big wave “4” (38549) has completed, now I believe that the price is in wave “5”. This means that the price probably has not yet completed the upward movement. I expect a small correction, then a continuation of the upward movement at least to the 40900-41000 area.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
XAU/USD: Gold Will Fall ? Let's See (READ THE CAPTION)By reviewing the latest #Gold chart on the 6-hour timeframe, we can see that the price has dropped over 230 pips since last night, and as expected, we're starting to see the first signs of a price reversal on the chart! A large Fair Value Gap (FVG) between $2465 and $2486 was created on Friday with the price surge, and I expect this gap to be filled soon. Keep a close eye on how the price reacts to the levels of $2486, $2480, $2473, $2468, and $2463.3.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
((2+4+7+13+15+18+26+36+38+69+87+101+183+209+1000+1002+1000000000+1000000001+ 1000000853)^♾️*69) + 1 !