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Dowjones

Dowjones under the pressure of a strong Dollar.As we prepare for tomorrow's trading session, our attention is directed towards US30, with a potential selling opportunity emerging around the 39100 zone. Currently, US30 is tracing a downtrend but undergoing a correction phase, drawing near the critical support and resistance area at 39100. Augmenting our analysis with a fundamental perspective, the last Non-Farm Payrolls (NFP) report showcased notable strength, expected to bolster the US Dollar's position. Furthermore, looming on the horizon is the highly anticipated Consumer Price Index (CPI) event scheduled for this Wednesday. This economic indicator carries significant weight as it could provide additional validation for the Federal Reserve's forthcoming actions, potentially reinforcing the dollar's ascent. Notably, a strengthening dollar often translates into bearish sentiment for stocks due to their inherent inverse correlation. This interplay between currency strength and stock market dynamics adds an intriguing layer to our analysis, informing our trading strategy for US30. As astute traders, it's imperative to factor in both technical and fundamental aspects when navigating the markets. By leveraging these insights, we aim to seize the opportunities that tomorrow's trading session presents. Stay vigilant and trade wisely! Joe
BLACKBULL:US30Short
by JoeChampion
2
Dow to Consolidate and Move Down from HereYM (DOW 30), 4 Hour, Indicators: This is what I need to see turn to get confirmation on our short position up here. The 4 hour is still locked in "embedded" mode on the slow stochastic. My bet is that this is going to come off "embedded" and in the process swing back to the middle of the Bollinger band. . . if that happens, that would take us back to 39921 . . . there is your 300 points. Notice the resistance on the 4 hour from above . . . You also have the top of the BBs on the 4 hour up there. So, it makes sense that it would be a good place to sell off from. Obviously, our stop is back at B/E but, if we wanted too . . .beyond this 4 hour level would also be a good place for a stop. More downside for YM could develop if we bust through the 39900 level if this wedge gives out.
CBOT_MINI:YM1!Short
by CeresTrader
YM ran to 40k without any resistance just like I said it wouldI've been saying for some time now that Dow Jones has _no_ relevant resistance till 40k and now here we are If that resistance fades quickly then the next relevant resistance is at 45k and probably most retailers will come up with excuses to short it the whole way there also "But how did you come up with that number?" See for yourself heh this is a very clear cut chart at such high timeframes not too dissimilar to BTC and XAU Some very notable calls in recent years: SPREADEX:NIKKEI and TVC:DJI both to 40k (over 1y in advance) CRYPTOCAP:BTC pico bottom at 15k and recent local top at 70k FX:EURUSD pico bottom & TVC:DXY pico top at 115 TVC:USOIL pico bottom at 68 NASDAQ:SMCI mega breakout at 100 NASDAQ:NVDA mega support at 120 NASDAQ:TSLA pico bottom at 105 NASDAQ:NFLX pico bottom at 165
CBOT_MINI:YM1!
by markusrafferty
US30 DJ30 DOWJONES ROBBERY PLANHI Traders, NFP Trade master plan to Heist US30 Market. my dear Looters U can enter after the NFP data there is high chance to go down side, Our target is Green Zone if it goes bearish side, Bullish side our target is Red Zone that is High risk Caution Pullback area, If There is any Bad news it make our heist very sad and if the news is favorable for us then we can continue our looting from there with help of trailing stop. My dear Robbers please book some partial money it will manage our risk. Be safe and be careful.. Make money and take money.
CAPITALCOM:US30
by Thief_Trader
US30DAILY Just had an expanding wedge and price is building more into the wedge. 38655, shows us further price movement to possibly the upside. 4H 38600 is a form of some support, look left and you will see the test / rejection and sensitivity around this price. The expanding wedges are just giving us signs that there's bearish pressure when they happen. So we are adding to our confluence. 1H 38555, bouncing here and rejection. This should not tell us that we are going up, it's just indication to stay watching. 15Min Stay away NB!!!!!!!!! NFP FRIDAYS WE ONLY TRADE AFTER NFP TO AVOID DOING THE WRONG THINGS.
PEPPERSTONE:US30
by Mhangwane1
US30: Dow Jones Retreats After Double Top FormationThe Dow Jones Industrial Average has shifted into negative territory, experiencing a notable downturn following a double top formation around the $40,000 mark on April 1st. As of the time of writing, the price has descended to $39,179, exhibiting a reaction near the neckline of the price pattern. This development prompts a strategic approach based on Fibonacci levels, indicating potential pullback zones where sell limits have been set to capitalize on retracement opportunities. The recent softness in US services activity data has provided a degree of respite for investors, who have been increasingly apprehensive about the implications of robust US macroeconomic indicators on Federal Reserve monetary policy. Specifically, the US ISM Services Purchasing Managers' Index (PMI) dipped to 51.4 in March from 52.6 in February, contrary to market expectations of a marginal uptick to 52.7. Furthermore, the Prices Paid sub-index receded to 53.4 from 58.6, marking its lowest reading in years and indicating a disinflationary trend in the economy. These figures have somewhat counterbalanced the impact of strong ADP employment data and hawkish remarks from Federal Reserve Chair Powell and Atlanta Fed President Bostic. In light of these developments, our strategy revolves around anticipating a pullback from the previous zone area, followed by a renewed downward movement. This tactical approach aims to capitalize on market dynamics and potential retracement opportunities, aligning with broader market sentiments and macroeconomic indicators. As market conditions evolve, continued monitoring and adjustment of strategies will be essential to adapt to changing dynamics and capitalize on emerging opportunities in the Dow Jones Industrial Average.
BLACKBULL:US30
by FOREXN1
1
US30Daily The beginning of a reversal (to the upside) the completion of todays candlestick will help confirm that. It looks to be forming an evening star right at the top of the resistance which adds to our confirmation. 4H We definitely are still on the right track but we are still just slightly early. Got the test of the previous resistance (39620) correct just days later 1H Expanding wedge during a bear channel, yet it is a bullish trend. So we either anticipate this as a reversal (to continue the bear run) or we see this as a reversal to bring back the bulls in the market. 15Min Wait and watch
PEPPERSTONE:US30
by Mhangwane1
DOW JONES Sell the MA50 (1d) break out.Dow Jones reached the top of the late 2022 Channel Up and is already on a 3day rejection. If it crosses under the MA50 (1d), the strongest short term sell signal emerges. Trading Plan: 1. Sell if the price crosses under the MA50 (1d). Targets: 1. 38050 (Support A). Tips: 1. The RSI (1d) is testing the 58.47 level. Past breakouts under this level have coincided with MA50 (1d) break outs, so use it as an additional sell signal. 2. The strongest long term buy entry has been when the RSI (1d) breaks under the 30.00 oversold limit. Please like, follow and comment!!
CAPITALCOM:US30Short
by TradingBrokersView
Dow Jones Industrial Averages Weekly Technical Analysis(1) We have witnessed a sharp fall from 29,500 level in Feb’20. This was almost 38% fall from the top. Market had gone in a oversold zone. (2) Around 18,300 level, price found a support and bounced back from this level. (3) With an upside rally, price managed to breakout its previous resistance. (4) After the breakout, we have seen a sharp upside rally further and the price reached at 36,950 level. (5) A corrective decline has been seen from there and the price started making lower highs and lower lows at reached to 28,800 level. (6) Price again bounced back from there and gave a upside move. (7) In this entire consolidation phase, a Cup & Handle chart pattern has been formed, which gave us positive indication. (8) With a strong breakout of the Cup & Handle pattern, price started its journey upside. (9) Currently the price is standing near its All Time High. More upside move is expected from here.
TVC:DJI
by NaranjCapital
🔥 #NASDAQ - Target Reached , What's Next ? (READ THE CAPTION)By checking the Nasdaq index chart in the 4-hour time frame, we can see that the price started falling from the desired supply range exactly as we expected and hit the targets of 18150 and 18090 and even corrected to 18000! The efficiency of this analysis has been more than 380 pips! The level of demand in front of the price range is 17800 to 17970 ! The Main Analysis : 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
CAPITALCOM:US100Long
by ArmanShabanTrading
11
🔥 #NASDAQ - More Fall Ahead ? (READ THE CAPTION)By checking the Nasdaq index (NAS100) chart in the 4-hour time frame, we can see that the price is still being corrected based on the previous analysis, and if it stabilizes below the level of 18290, we can expect a further drop from the price, whose Its targets will be 18150, 18090 and 17950 respectively!! 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
CAPITALCOM:US100Short
by ArmanShabanTrading
3