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Dowjones

US30 Analysis: Eyes on USD Strength Amid CPI DataHey Traders, in tomorrow's trading session we are monitoring US30 for a selling opportunity around 38570 zone, US30 is trading in an uptrend and currently seems to be attempting to break it out. If we get dips below the 38570 support we will be looking for a potential retrace of the trend towards more lows. The recent release of CPI data showing a higher-than-expected increase in inflation has bolstered expectations for USD strength. With inflationary pressures mounting, there's growing speculation that the Federal Reserve may adopt a more hawkish stance, potentially leading to a stronger USD. Furthermore, the negative correlation between USD and US30 suggests that a strengthening USD could weigh on the performance of US30.
BLACKBULL:US30Short
by JoeChampion
Improved CPI, but Market Collapse – What is Happening?Just about 1.5 years ago, inflation reached the highest point in recent decades. The January inflation number for 2024 was released on February 13th. Its CPI has improved from 3.4% for December to 3.1%. However, the major US stock indices collapsed more than 1% on the same day. Why is there such nervousness surrounding improved inflation, and what are its implications? Mirco E-minin Dow Jones Futures & Options Outright: 1.0 index points = $0.50 Symbol code: MYM 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
ECONOMICS:USIRYYShort
by konhow
TARGET REACHED - And ongoing to Target 2 - 40,0042The trade analysis we had for Dow Jones couldn't have played out better. On paper and theory, this just rocked to its first target 37,242. But then, it entered into a trending market. This is where it's very tough for breakout traders to get in. This is very tough for reversal traders to trade. This is very tough for range bounded trades to buy and sell. So, all we can do is wait for the trend to continue up and form a new pattern. Or continue holding and raising the trailing stop loss each week. But it looks like the next target is set for 40,0042. I'll wait and observe as it feels top heavy and I don't really have a good strategy to get in right now.
DJ:DJILong
by Timonrosso
us30 sellsUs30 reached resistance and started to show BOS to the downside on 5mins and 15mins. Upon seeing this I waited for retracment and rejections at entry zone of 38490.000 with sl@ 39520.00 (30pts). TP1: 38400.000 TP2: 38350.00 TP3: 38330.00 TP4:38150.00 * Where has the market moved since I entered my trade? Slight profits * If I looked at the market now, would I take the same trade? yes * How do I feel about my trade? nervous & unsure but optimistic.Glad it let the trade play out * What do I like about this trade ? My entry was good & stayed calm when price retraced up * What do I dis-like about this trade now? Price Was so choppy and still is but trust my analysis * On a scale of 1 to 10, where would I rate this Trade now? 8/10 * If I were not in a trade now, would I take the opposite trade ? No
CAPITALCOM:US30Short
by mrachaw
US30: Thoughts and Analysis Post-CPIToday's focus: US30 Pattern – Diagonal Support – 38,135, 37,135 Resistance – 38,810 Hi, traders; thanks for tuning in for today's update. Today, we are looking at the US30 on the daily chart. What a solid run we have seen till yesterday's CPI data. After US CPI came in hotter than expected, this shocked the market and led to heavy selling on stock indexes and risk currencies with a flight to safety (USD). We have broken down price action, price patterns and levels we are watching. Is this nothing more than a buying opportunity, or is this a potential momentum change? Good trading.
EIGHTCAP:US30
by Eightcap
5
Dow Jones March Futures looks Great to Slide lowerHello Everyone. Forex market seems to be stuck in a mud and we seems to be in a highly manipulative environment. but soon market is going to be normal and we will have alot of setups forming but as of now i have a Dow jones YMH2024 March contract for short.. the Current model is 2022 Model as per inner circle trader concept which is my personal favorite and the most easy one. as per this we can see the Dow has taken out the buystops and given a market structure shift for the downside and market reprised higher in the Entry zone which is generally known as Fair value Gap. so therefore i am expecting price to go lower and target 38490 level. This is a very clean and clear setup which has a higher probability to hit the target. but due to weekends there could be a shift if some news come out. otherwise its good to go
CBOT_MINI:YMH2024Short
by Rizwan-Ali
DOW JONES Channel Up with the 4H as the key level.Dow Jones (DJI) is trading within a Channel Up pattern on the 4H time-frame with the 4H MA50 (blue trend-line) supporting since the January 19 break-out, being right on its bottom (Higher Lows trend-line). As long as the price action is closing candles above it, we remain bullish, targeting a Higher High at 39100. If it closes a 4H candle below the 4H MA50, we will take the loss and sell instead, targeting the 1D MA50 (red trend-line) at 37800. Note that the last medium-term Support has been the 1D MA200 (orange trend-line) on January 18 and being overbought for too long on the 1D time-frame while the 4H RSI is on a Bearish Divergence throughout the index' whole Channel Up, a short-term correction to the 1D MA50, would technically be quite likely here. ------------------------------------------------------------------------------- ** 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
Dow Jones Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
SKILLING:US30Short
by ShahedZare
US30 SELLUS30 had tapped into supply zone and showed rejection and inducement at this supply. This was further confirmed by a close of 30min candle below the Doji and break below structure. Upon seeing this I waited for retracment to zone with additional confirmation once I started to see rejection at the entry zone @38675.00 I entered with sl@38715 (Risking 40points) TP1: 38590.00. TP2: 38550.000 TP3: 38500.000 Approach where Possible & respond to Price is to take Partials profits from TP2 onwards. * Where has the market moved since I entered my trade? Slight Profits * If I looked at the market now, would I take the same trade?Yes * How do I feel about my trade? Feel neutral and slightly optimistic * What do I like about this trade ? patiently waited for more confluence and good Entry * What do I dis-like about this trade now? Choppy & slow * On a scale of 1 to 10, where would I rate this Trade now? 7/10 * If I were not in a trade now, would I take the opposite trade ?No
CAPITALCOM:US30Short
by mrachaw
4
DOW JONES: Overbought and at the top of the Channel Up. Bearish Dow Jones is on a bullish 1D technical outlook (RSI = 59.534, MACD = 196.180, ADX = 37.569) that up to last week was overbought but now the momentum shows weakness on losing steam as the price is at the top of the Channel Up pattern. The 1D CCI is showing the same decline from overbought levels that it showed before the three major declines in 2023. This keeps us bearish on Dow, targeting the 0.382 Fibonacci level (TP = 36,500) which was the first target of the two prior HH of the Channel Up. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US30Short
by InvestingScope
1