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Dowjones

DOW JONES Time to buy the dip again.Dow Jones / US30 reached our desired buy level based on our last idea (chart at the bottom), which is exactly at the bottom of the 11 month Channel Up. It kept the 1week MA200 intact once again (has been since October 2022), so that maintains the long term trend bullish. The shorter pattern is a Bearish Megaphone and as mentioned previously, our target is for the time being and until a break out takes place, inside this pattern. Target 33600, which is under the 1week MA50, under which all of October's candles have closed. Previous chart: Follow us, like the idea and leave a comment below!!
CAPITALCOM:US30Long
by TheCryptagon
DOW JONES Best buy entry on a 7 month basis.Dow Jones is approaching Support (1) and the Rising Support of the 2023 Channel Up. The Support (1) level has been holding for 5 months. Based on the Falling Resistance that initated the current correction and the rejection on the MA50 (1d), the price action is identical to November 2022 - March 2023 so far. Trading Plan: 1. Buy on the current market price. Targets: 1. 34800 (Falling Resistance). Tips: 1. The Sine Wave tool very accurately displays the Cycle of peaks and bottoms since late 2022 and shows the price is on the most optimal bottom buy level time wise. Please like, follow and comment!! Notes: Past trading plan:
CAPITALCOM:US30Long
by TradingBrokersView
Nasdaq Index: Tech Stocks Enter Correction ZoneNasdaq slides into correction territory as tech giants grapple with challenges, while investors await Amazon’s earnings report. The U.S. stock market opened with mixed sentiment, as the Nasdaq Composite extended its slide into correction territory due to underwhelming earnings reports. Nasdaq-100 futures dipped by 0.5%, while S&P 500 futures saw a 0.2% decline, following its lowest close since May. Meanwhile, Dow Jones Industrial Average futures inched up by 0.05%. Earnings Disappointments and Market Reactions Meta Platforms, the parent company of Facebook, reported third-quarter results that surpassed expectations but hinted at advertising softness in the current quarter, leading to a nearly 3% drop in Meta shares. Google-parent Alphabet’s disappointing performance, especially in its Google cloud unit, resulted in a 9.5% decline in its stock. These factors contributed to the Nasdaq Composite’s 2.4% fall, officially placing it in correction territory. Bond Yields and Market Resilience The ongoing correction is partly attributed to surging bond yields, with the 10-year Treasury yield nearing 5%. However, optimism emerged as third-quarter gross domestic product (GDP) figures exceeded expectations, showing a 4.9% annualized growth. If the feared recession fails to materialize and current economic trends persist, the market may rebound as it did in the past. Market Levels and Earnings Ahead The S&P 500 slipped below the crucial 4,200 level on Wednesday, marking its first close beneath this threshold since May. Investors are eagerly awaiting major earnings reports, including Amazon’s, which is expected to post earnings of 55 cents per share on revenue of $134.2 billion. Technical Analysis The current daily price of the Nasdaq 100 Index stands at 14252.40, while the 200-day moving average is at 13913.67, and the 50-day moving average is at 14986.96. This places the current price below the 50-day moving average, indicating a potential short-term bearish sentiment. However, it remains above the 200-day moving average, suggesting a more neutral stance in the longer term. The current market sentiment for the Nasdaq 100 Index appears cautious, with short-term indicators leaning slightly bearish. The current downside momentum suggests the market is headed into the 200-day moving average line at 13913.67.
NASDAQ:NDXLong
by DEXWireNews
2
Dow Jones : Bearish and Bullish Scenario 📉📈Hello Traders ! On The Daily Time Frame The US30 Price Reached A Support Level (32880.0 - 32583.0) Currently We Have 2 Scenarios: Bullish Scenario📈 If The Price Breaks and Closes Above The Resistance Line ! We Will See a Bullish Move📈 TARGET: 34000.0🎯 Bearish Scenario📉 If The Market Breaks Support Level and Closes Below That I Will Sell On Retest... TARGET: 31950.0🎯 ___________ if you agree with this Idea, please leave a LIKE, SUBSCRIBE or COMMENT!
CAPITALCOM:US30Short
by Hsan_BenAhmed
6