DOW JONES Rectangle bottom formed. Bullish.Dow Jones hit today its MA200 (4h) and rebounded.
This has come too close to the bottom of the Rectangle pattern that dominates the price action in the past 3 weeks.
Trading Plan:
1. Buy on the current market price.
2. Buy again if the price closes above the Falling Resistance.
Targets:
1. 44450 (MA50 4h and Falling Resistance).
2. 45000 (top of Rectangle).
Tips:
1. The RSI (4h) got oversold and rebounded like on the February 3rd Low. Strong buy signal.
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Dowjones
Dow Bullish sideways consolidationThe Dow (US30) index price action sentiment appears bullish, supported by the longer-term prevailing uptrend. However, since reaching an all-time high on 04th December 2024 the Dow index price action is consolidating in a sideways trading range.
The key trading level is at 44460, the current swing low. A corrective pullback from the current levels and a bullish bounce back from the 44460 level could target the upside resistance at 44835 followed by the 45060 and 45140 levels over the longer timeframe.
Alternatively, a confirmed loss of 44460 support and a daily close below that level would negate the bullish outlook opening the way for a further retracement and a retest of 44265 support level followed by 44160 and 43980.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
US30 stalls amid Fed uncertainty and trade policy risks
Macro:
- The Dow remained in a prolonged sideways trend within a tightening range, navigating Fed policy uncertainty, geopolitical risks, and evolving trade policies.
- Markets expect it to stay range-bound until the Trump administration finalizes tariff measures early next month.
Technical:
- US30 is trading in a tight range at the previous top level and awaits an apparent breakout to determine the potential trend.
- If US30 breaks above the resistance at 45000, the index may continue rising to 47146, the 100% Fibonacci Extension level, which is confluence with the Ascending Channel's upper bound.
- On the contrary, a closing below 44000-44200 may prompt a further correction to restest the following support at 43300.
Analysis by: Dat Tong, Senior Financial Markets Strategist at Exness
DOW JONES 1D MA50 supporting huge Inverse H&S push!Dow Jones (DJIA) has been trading within a Channel Up for the past 15 months. The pattern that could be the strongest driving force however in the coming weeks is an Inverse Head and Shoulders (IH&S), which is about to complete its Right Shoulder.
As you can see this is being strongly supported by the 1D MA50 (blue trend-line) in the past 30 days and every such IH&S pattern in the last 2 years broke to the upside and hit at least its 1.382 Fibonacci extension.
The 1D RSI sequences between those IH&S fractals are identical and the current RSI Bearish Divergence matches perfectly all previous Right Shoulder formations that preceded the 1.382 Fib push.
As a result, a 46400 Target would be an ideal technical Higher High for the Channel Up.
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DOW JONES: Triangle about to break out.Dow Jones is neutral on its 1D technical outlook (RSI = 53.474, MACD = 190.020, ADX = 26.060) as it is trading inside a Triangle pattern, sideways around the 4H MA50. A crossing over the R1 level will be a long aiming at the 2.0 Fibonacci extension (TP1 = 48,000), while a crossing under the S1 level will be a short aiming at Fib 0.0 (TP = 42,000).
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Dow INTRADAY coiling energy buildup The Dow (US30) index price action sentiment appears bullish, supported by the longer-term prevailing uptrend. However, since reaching an all-time high on 04th December 2024 the Dow index price action is consolidating in a sideways trading range.
The key trading level is at 44460, the current swing low. A corrective pullback from the current levels and a bullish bounce back from the 44460 level could target the upside resistance at 44835 followed by the 45060 and 45140 levels over the longer timeframe.
Alternatively, a confirmed loss of 44460 support and a daily close below that level would negate the bullish outlook opening the way for a further retracement and a retest of 44265 support level followed by 44160 and 43980.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
US Presidents' Day holiday, US markets closedMonday, February 17
Data: Japan December capacity utilisation, Tertiary industry index, Italy December trade balance, Eurozone December trade balance, Canada January housing starts, December international securities transactions
Central banks: Fed's Harker, Bowman and Waller speak, ECB's Nagel speaks
Earnings: BHP Group
Other: US Presidents' Day holiday, markets closed
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
DOW JONES is completing a Bull Flag to jump to 46700.Dow Jones / US30 is posting a Bull Flag pattern on the 4hour timeframe, currently between the 4hour MA50 and MA200.
The last time we came across this pattern was with the early September Bull Flag.
Both patterns started after a +8.20% rise on the index.
If the new one repeats September's, then we should see an immediate rally to the 1.5 Fibonacci.
Buy and target 46700.
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Dow (US30) coiling price action after increase in US PPI dataThe Dow (US30) index price action sentiment appears bullish, supported by the longer-term prevailing uptrend. However, since reaching an all-time high on 04th December 2024 the Dow index price action is consolidating in a sideways trading range. Today, Thursday 13th February 2025 the US (PPI) Producer Price Index data was published showing the increase to 3.5% on a yearly basis in January. The annual core PPI rose to 3.6% in the same period, surpassing market forecasts of 3.3%. On a monthly basis, the PPI and the core PPI rose 0.4% and 0.3%, respectively.
The key trading level is at 44206, the current swing low. A corrective pullback from the current levels and a bullish bounce back from the 44206 level could target the upside resistance at 44980 followed by the 45080 and 45200 levels over the longer timeframe.
Alternatively, a confirmed loss of 44206 support and a daily close below that level would negate the bullish outlook opening the way for a further retracement and a retest of 44000 support level followed by 43740.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
Dow awaits US inflation reportThe Dow (US30) index price action sentiment appears bullish, supported by the longer-term prevailing uptrend. However, since reaching an all-time high on 04th December 2024 the Dow index price action is consolidating in a sideways trading range.
The key trading level is at 44206, which is the current swing low. A corrective pullback from the current levels and a bullish bounce back from the 44206 level could target the upside resistance at 44980 followed by the 44080 and 44200 levels over the longer timeframe.
Alternatively, a confirmed loss of 44206 support and a daily close below that level would negate the bullish outlook opening the way for a further retracement and a retest of 44000 support level followed by 43740.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
DOW JONES One last drop below the 1D MA50 is possibleDow Jones (DJIA) has found itself in an uncomfortable spot as it's been trading sideways within the 1D MA50 (blue trend-line) and Resistance 1 of the December 2024 High, for the past two weeks.
The 1D RSI has already started trending downwards on a Bearish Divergence while the 1D MACD just completed a Bearish Cross. The times we've seen all those conditions fulfilled within the 2-year Channel Up, are in mid-May 2024 and early May 2023.
On both occasions, the price got rejected on Resistance 1 and pulled back below the 1D MA50 to form a Higher Low. After the 1D MACD formed a Bullish Cross, the price confirmed a technical reversal and targeted the 1.5 Fibonacci extension before the next pull-back.
As a result, you might want to keep a buy order waiting for a sub-MA50 drop and buy once a MACD Bullish Cross is formed to target 46500 (Fib 1.5 ext).
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DOW JONES: Necessary correction to lated target 46,600.Dow Jones is neutral on its 1D technical outlook (RSI = 53.301, MACD = 170.540, ADX = 30.319) as it is trading sideways on top of the 1D MA50 for the past 2 weeks. The long term pattern is a Channel Up that every time it rebounded on a HL bottom and hit the R1, it always pulled back again to test the 1D MA50. Consequently, this is a necessary technical correction that will allow the index to attract enough buying momentum again to go after a new HH. Aim for a minimum +8.41% increase (TP = 46,600).
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Weekly Market Forecast: S&P, NAS & DOW Are Still Bullish!This forecast is for the week of Feb 10-14th.
The S&P500, the NASDAQ, and the DOW JONES are still bullish overall, despite last weeks NFP news that saw the markets move lower. Until there is a bearish break in market structure, it is buys all the way. Let the markets reach the buy zones and wait for the bullish market structure shift. That is the time to take valid buy setups.
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May profits be upon you.
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Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
US30 H4 I Bearish Drop Based on the H4 chart, the price is testing our sell entry level at 44,728.54, a pullback resistance. This level is expected to act as a potential reversal point in the bearish setup.
A successful rejection at this resistance could drive prices lower toward our take profit at 44,029.64, where buyers may step in near a previous support level.
The stop loss is placed at 45,433.97, just above the 127.2% Fibonacci extension, allowing room for price fluctuations while ensuring the bearish outlook remains valid.
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The Friday Forecast; Best Setups Frr Feb 7This market outlook will cover 15 markets:
ES \ S&P 500
NQ | NASDAQ 100
YM | Dow Jones 30
GC |Gold
SiI | Silver
PL | Platinum
HG | Copper
USD Index
EURUSD
GBPUSD
AUDUSD
NZDUSD
CAD, USDCAD
CHF, USDCHF
JPY, USDJPY
Non Farm Payroll news tomorrow! This is likely to inject a lot of volatility into the markets.
I recommend to wait until after the news is announced before executing on any trades. You never know where the market will go!
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.