US30 (Rally Movement...)Nvidia Reports on the Horizon, Wall Street Gains Pre-Bell; Asian and European Markets Up
Wall Street futures indicated a slight rise pre-bell Monday as traders processed the final stages of the earnings season.
Nvidia ( NASDAQ:NVDA ) is scheduled to announce its earnings after the market closes on Wednesday. This week will also see financial results from Lowe's ( NYSE:LOW ), PDD ( NASDAQ:PDD ), and Intuit ( NASDAQ:INTU ).
On Wednesday afternoon, the US Federal Reserve will publish minutes from its most recent policy meeting.
Wix.com ( NASDAQ:WIX ) shares increased by 7.8% pre-bell following the company’s report of higher Q1 adjusted earnings and revenue.
In futures trading, the S&P 500 increased by 0.1%, the Nasdaq rose by 0.2%, and the Dow Jones remained steady.
Overnight, Asian markets mostly traded higher, while European stocks turned positive by midday.
Technically :
The Dow Jones has reached a new all-time high.
Stability above 40005 suggests the bullish trend will continue towards 40130 and 40420. Conversely, if the price stabilizes below 40005, it is likely to drop to 39790.
Pivot line: 40005
Resistance Prices: 40130, 40420, 40730
Support Prices: 39820, 39540, 39360
The movement range will be between support 39790 and Resistance 40420
Dowjones
Trapped traders provides a great Short opportunity on DOW The plan for the session was to trade short off resistance on the DOW after an initial opening drive higher. The short side was the play and paid out nicely for patient sellers.
In the video I talk through the key Price Action for the move and prime trade areas on the DOW Index.
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Dowjones is benefiting from the bearish momentum of DXYHey Traders, in tomorrow's trading session, we're eyeing a potential buying opportunity on the US30 around the 39730 zone. The US30 is currently amidst an uptrend but undergoing a corrective phase, nearing the crucial support and resistance area at 39730. The Dow Jones Industrial Average and the US Dollar Index typically exhibit a negative correlation due to various intertwined factors. Investors often view the US Dollar as a safe-haven asset, seeking it during times of market uncertainty, while turning to riskier investments like equities, represented by the Dow Jones, when market sentiment is positive. Additionally, a weaker dollar can benefit multinational companies listed on the Dow Jones by making their exports more competitive globally, potentially boosting corporate earnings and stock prices. Changes in US Federal Reserve's monetary policy, commodity prices, and inflation also contribute to this inverse relationship, as fluctuations in the USD can impact both the stock market and commodity prices. Therefore, when the DXY shows bearish momentum, it tends to coincide with bullish sentiment in the Dow Jones as investors pursue higher returns in equities amid a depreciating currency.
Dow Jones Index (US30) Get Ready For Breakout
Dow Jones closed this week, approaching a horizontal resistance
based on a current All Time High.
Because the trend is strongly bullish, probabilities will be high
that the price will break that.
Daily candle close above the underlined area will confirm the violation.
A bullish continuation will be expected then.
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US30, DowJones. Weekly trading levels 13 - 17.05.2024During the week you can trade from these price levels. Finding the entry point into a trade is up to you, depending on your trading style and the development of the situation. Zones show preferred price ranges WHERE to look for an entry point into a trade.
If you expect any medium-term price movements, then most likely they will start from one of the zones.
Levels are valid for a week, the date is in the title. Next week I will adjust the levels based on new data and publish a new post.
The history of level development can be seen in my previous posts. They cannot be edited or deleted. Everything is fair. :)
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I don’t play guess the direction (that’s why there are no arrows with direction), so zones (levels) are used for trading. We wait for the zone to approach, watch the reaction, and enter the trade.
Levels are drawn based on volumes and data from the CME. They are used as areas of interest for trading. Traded as classic support/resistance levels. We see the reaction to the rebound, we trade the rebound. We see a breakout and continue to trade on a rollback to the level. The worst option is if we revolve around the zone in a flat.
Do not reverse the market at every level; if there is a trend movement, consider it as an opportunity to continue the movement. Until the price has drawn a reversal pattern.
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Dow Jones Industrial Average Futures Short-Term Video Idea#DJIA EASYMARKETS:DOWUSD
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All time high! Dow Jones bricht die 40,000-Marke! Der Dow Jones Industrial Average hat Geschichte geschrieben und kurzzeitig die 40.000-Punkte-Marke zum ersten Mal überhaupt durchbrochen! Diese bemerkenswerte Leistung unterstreicht den starken Aufwärtstrend, der den Markt derzeit antreibt. Lass mal einen kurzen Blick darauf werfen.
WHSELFINVEST:WALLSTREETCFD
Gleitende Durchschnitte bestätigen Stärke: Der Kurs des Dow liegt deutlich über seinen 50-, 100- und 200-Tage-Gleitenden Durchschnitten, was ein starkes Indiz für einen anhaltenden Aufwärtstrend ist.
40.000: Psychologischer Widerstand? Auch wenn der Ausbruch zweifellos bedeutend ist, ist es ratsam, einen sofortigen Einstieg mit Vorsicht anzugehen. Die 40.000er-Marke könnte als psychologischer Widerstand dienen und möglicherweise zu einer Konsolidierung oder Rücksetzern führen, bevor der Aufwärtstrend sich definitiv in Richtung neuer Höchststände fortsetzt.
Trendkanalanalyse: Der Trendkanal auf dem Tages-Chart, der die Aufwärtsdynamik seit Ende Oktober 2023 nachzeichnet, zeigt den aktuellen Kurs in der Nähe der Mitte des Kanals. Diese Positionierung ist ein weiterer Hinweis auf einen anhaltenden Aufwärtstrend, könnte aber auch auf einen möglichen Rücksetzer auf die Unterstützungsmarke von 39.000 hindeuten, bevor sich die Rallye möglicherweise fortsetzt.
Interessiert am Handel mit einer breiten Palette von CFDs? Werf einen Blick auf unsere Website !
SIGNAL: Go LONG on US30 - 15 May 2024Like, comment and share with your peers!
I would be looking for bullish moves on US30 today provided price remains above 39500.
1 hour price bar(candlestick) has closed above a range that started mid NY session yesterday. The range formed shortly after a 211 pips pump.
Find my confluences below;
✅Price at psychological level?
✅Has there been a recent intraday range?
✅Do you see 30 mins or 1 hr price bar closure outside recent range?
✅Will position be in the direction of 4hr and Daily trend ?
✅Has nearby wicks to the lefthand side been identified and marked as potential problem area/TPx?
With these ticked, i choose my entry and SL accordingly with the intention of giving my trade a second chance if my SL is hit
Position Parameters
Entry 39588 - 39609
Textbook SL - 39543.38 (means flexible - put SL as occasion serves you and give the trade a second chance if SL is hit)
Tp - 39801.65 (see partial TP levels on the screen)
Drop a comment to let me know if you have picked up a thing or two form my analysis
Warning:
1. trading derivative could result to loss of your capital, kindly apply caution and use only the money you can afford to lose.
2. Previous performance is not a guarantee that my signals will profit you. Accept and implement this idea at your own risk.
You are advised to apply proper risk management while trading derivatives...!!!
BR,
Kings
Learn how to trade. See my signature below or visit my profile for more details
FEDERAL DEBT priced in the DOW JONES is too HIGH!Those dollars that the US government owes must be inflated away!
As paying back 33 Trillion dollars is not feasible in today's version of dollars.
So they must be paid in even more worthless dollar currency units.
If the US government stops spending they will send the US economy into a recession.
They must continue to pump money into the economy and the stock market.
The con job that inflation is under control is a lie.. and we will continue to see higher prices the rest of the decade albeit at a slower rate.
BUT even 2% annual inflation compounded will erode purchasing power quickly as we have seen in the past. And I have charted before.
I believe we will continue to see the stock market ramp up the next two quarters before taking a summer break.
The underlying hidden to most, inflation trend, will continue to inflate revenues and earnings for most stocks going forward.
The bottom line is that Inflation is a FRAUD perpetuated on the people by the Government.
They print and spend the money first, and then the workers get it after beingTAXED and after prices have gone up.
Then they TAX you on the gain in asset prices! :)
So if u can invest in assets that are in wrapped up Tax free vehicles --- seek those out.
#Crypto can be a way to supercharge your returns for periods of time,
but come with inherent, built in volatility ---
most people walk away with, what could have been stories -- rather than life changing returns
Are #Stocks expensive? No measured against M2 money supplyThe 2000 Top was still the "real" peak of the US stock market
Built obviously on the expectation that the internet would change the world and teh global economy.
This highlights how the market foresees the future and how market participants are forward looking.
The #DownJones index is still 50% down form that peak
on this chart you can multiple chart patterns tat have played out previously
HVF's, double top, head & shoulder tops, and inv H&S bottoms
currently in a 22 year continuation inv head and shoulders which is still in progress
my stance is Top in April/May 24 .... downdraft into the election and a run up for 2/3 years into the Giga Uber TOP
US30 Dow Jones Technical Analysis and Trade IdeaThe US30 Dow Jones index has exhibited a robust bullish trend recently. However, we now observe that the index is approaching a significant resistance level on both the weekly and daily charts.
Moreover, the market appears to be overextended. When a market becomes overextended, there’s a possibility of a reversal. Traders closely monitor signs of exhaustion or weakness.
Given these factors, we are considering a short opportunity. It’s essential to manage risk diligently, as trading always carries inherent risks. Remember that this information is for educational purposes only and should not be construed as financial advice. 📈👍
Dow Jones Index (US30): Bullish Price Action Ahead of The News
In 1 hour, we are expecting US PPI report.
Ahead of the release of that data, I see a bullish price action on US30.
After a test of an intraday support, the Index started quite a long correction
within a narrow horizontal range.
Its resistance was broken with a strong bullish candle,
indicating the strength of the buyers.
The market may bounce.
Goal - 39600
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NEW IDEA FOR DOWJONES Powell's reference to not increasing interest rates increases risk-taking
By examining the trend in the four-hour time frame, the Dow Jones index has broken the resistance range of the ceiling of the ascending channel in the range of 39,438-39,314, and now, due to the increase in the moving averages of the ALLIGATOR indicator, the possibility of price increase up to the resistance of the ceiling of the ascending channel in the range 40789, there are.
DOW JONES made 1st 4H Golden Cross in 6 months!Dow Jones (DJI) gave us a solid bullish break-out signal after it broke out above its 1D MA50 last week (May 06, see chart below):
As you can see this gave way to a new Channel Up, which we view on the current analysis on the 4H time-frame. That is because on Friday it formed the first 4H Golden Cross in 6 months (since November 08 2023)!
This is on its own a very strong bullish signal but it gets even stronger if we consider the fact that the last 4H Golden Cross was formed while the index was in a similar pattern, recovering from August - October correction.
Dow then entered a very aggressive uptrend/ Channel Up that never broke even its 4H MA50 (blue trend-line) before January. As a result, we move our short-term Target even higher, on a symmetrical +3.45% Bullish Leg at 40300, which will be a new All Time High (ATH) for the index.
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NYSE Open SIGNAL: US30 LONG - 13 May 2024Like, comment and share with your peers!
Hi,
With volume from NYSE opening, we may yet see another pump from US30.
Expected entry area - 39546.25
Textbook SL 39513.56
Final TP 39699.50
Pay attention to TP 1 to 3 and risk accordingly.
Warning: trading derivative could result to loss of your capital, kindly apply caution and use only the money you can afford to lose.
You are advised to apply proper risk management while trading derivatives...!!!
BR,
Kings
Learn how to trade. See my signature below or visit my profile for more details
⭐️ NASDAQ’s Critical Supply Zone and Its Impact on Future PricesAfter examining the NASDAQ chart on a 4-hour timeframe, we observe that the price, after an initial correction from the 18250 area, has re-entered this zone and shown a negative reaction! As I mentioned in the previous analysis, the range from 18250 to 18340 is a very important supply area, and I expect the price to react to it! Now, if the price stabilizes below this Zone, after an upward movement to gather liquidity, we will likely witness a significant drop.
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
Dow Jones Index (US30): Bullish Rally Continues
Dow Jones keep breaking key levels.
This week we saw a breakout of a one more significant resistance.
Bulls clearly show their power.
I will expect a further bullish continuation.
Next resistance - 39850
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⭐️ NASDAQ’s Roller Coaster : A Week of Ups and Downs, More Fall?After examining the NASDAQ chart on a 4-hour timeframe, we noticed that the price, following our previous analysis, experienced a drop of 170 pips and managed to correct to 17,970. Subsequently, it regained demand and moved towards the second supply zone. Today, as the NASDAQ index reached 18,250, we witnessed a significant drop from this level, with a decline of 160 pips down to 18,090. It is likely that we will see further declines in the NASDAQ chart in next week. I hope you have made the most of this analysis this week!
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
Dow Jones H4 | Bullish momentum to extendDow Jones (US30) could fall towards a pullback support and potentially bounce off this level to climb higher.
Buy entry is at 39,377.26 which is a pullback support.
Stop loss is at 38,900.00 which is a level that lies underneath an overlap support and the 23.6% Fibonacci retracement level.
Take profit is at 39,768.82 which is a pullback resistance.
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