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Dowjonesindex

Combined US Equities Lousy Breakout means BreakdownThe combined US equities chart failed to push significantly and is consolidating. when it does this, it looks like it is rolling over to fall off a cliff. IF we look carefully, besides the weakening technical indicators, there is also weakening price action, with the second or third lower high in the hourly time frame. That said, the decision box needs to be broken out of, and then the critical support (red line). Once these give way, it would be too obvious and there should be a sizeable retracement to the previous support, now being the downside target.
CME_MINI:ES1!Short
by Auguraltrader
DOW JONES (US30) Trend Following Setup Explained Dow Jones Index is currently retesting a recently broken horizontal resistance. Because the trend in strongly bullish, a buying wave may initiate from the underlined blue area. Our confirmation will be a bullish breakout - 4H candle close above a resistance line of a bullish flag pattern. A bullish continuation will be anticipated to 39080 / 39200 levels then. If the price drops and sets a new lower low, the setup will become invalid. ❤️Please, support my work with like, thank you!❤️
BLACKBULL:US30Long
by VasilyTrader
4
Dow Jones: Breather 😮‍💨Dow Jones is taking a breather near the resistance at 34 363 points, showing (again) a distinct response to this mark. Soon, though, the index should resume the ascent to develop the top of wave (i) in blue, which should then initiate a prominent downward movement. However, there is a 30% chance that Dow Jones could drop below the support at 32 246 points, plunging into the orange zone between 31 675 and 29 939 points to already expand wave alt.(ii) in blue. From this low, the index would then start a fresh upward movement.
CBOT_MINI:YM1!
by MarketIntel
Dow Jones: Spring Fever 🥱Has Dow Jones caught spring fever? At the moment, the index seems to lack the necessary drive to continue expanding wave (i) in blue. However, we expect Dow Jones to pull itself together soon and to summon up enough momentum to make it above the resistance at 35 521 points. The index should not surmount the higher mark at 36 446, though, but finish the current movement and turn downwards again. There is also still a 35% chance that Dow Jones could slip below the support at 28 635 points, heading for a new low in the form of wave iv in magenta.
CBOT_MINI:YM1!
by MarketIntel
Dow Jones: Periscope 👀Like a periscope, Dow Jones is craning its neck upwards, watching waves v in orange and (i) in blue unfolding before its eyes. To finish the current movement, the index should climb above the resistance at 35 521 points but ideally stop just short of the next mark at 36 446 points. Wave (ii) in blue should then lead Dow Jones decidedly back below 35 521 points. A 35% chance remains, though, for the index to turn downwards and to drop below the support at 28 635 points. In that case, Dow Jones would develop a new low in the form of wave alt.iv in magenta first before heading upwards again.
CBOT_MINI:YM1!
by MarketIntel
Dow Jones: Defenses 🍵When it’s cold outside, it’s always important to strengthen your body’s defenses. To boost its own immune system, Dow Jones is currently taking an invigorating sip of hot turmeric-ginger tea in the form of the orange zone between 33 283 and 31 689 points. We expect the index to expand this healthy swig to finish wave iv in orange. Afterwards, it should be bolstered enough to tackle the resistance at 34 707 points. There’s a 30% chance, though, that the warm beverage might relax Dow Jones too much so that the index could slip through the orange zone. In that case, it should drop into the blue zone between 30 955 and 29 934 points first before climbing upwards again.
CBOT_MINI:YM1!
by MarketIntel
Dow Jones: Bar ExercisesOur athletic Dow Jones! After it has hopped from line to line, all the while finishing not only the overarching downwards movement in the course of wave iv in magenta but also waves (i) and (ii) in blue, the index has continued its fitness training with some bar exercises at the resistance line at 30513 points. We expect it to upswing from this mark, rising into the blue zone between 32567 and 33685 points to complete wave (iii) in blue, before starting a countermovement. However, there is a 45% chance that Dow Jones could lose its grip and drop below the support at 29640 points, thus triggering further descent below the next mark at 28635 points.
CBOT_MINI:YM1!
by MarketIntel
E-mini Dow Jones Futures (YM1!), H4 Potential for Bullish RiseType : Bullish Rise Resistance : 33432 Pivot: 31862 Support : 30966 Preferred Case: On the H4, with price moving along the ascending trendline and breaking above the ichimoku indicator, we have a bullish bias that price will rise from the pivot at 31862 where the pullback support is to the 1st resistance at 33432 where the overlap resistance, 78.6% fibonacci retracement and 61.8% fibonacci retracement sits Alternative scenario: Alternatively, price could break pivot structure and drop to the 1st support at 30966 where the swing low support and 78.6% fibonacci retracement are. Fundamentals: Due to the easing treasury yeilds and oil prices, we have a bullish bias on the Dow Jones Index
CBOT_MINI:YM1!Long
by Genesiv
E-mini Dow Jones Futures (YM1!), H4 Potential for Bullish RiseType : Bullish Rise Resistance : 33432 Pivot: 31862 Support : 30966 Preferred Case: On the H4, with price moving along the ascending trendline and breaking above the ichimoku indicator, we have a bullish bias that price will rise from the pivot at 31862 where the pullback support is to the 1st resistance at 33432 where the overlap resistance, 78.6% fibonacci retracement and 61.8% fibonacci retracement are. Alternative scenario: Alternatively, price could break pivot structure and drop to the 1st support at 30966 where the swing low support and 78.6% fibonacci retracement are. Fundamentals: Due to the easing treasury yeilds and oil prices, we have a bullish bias on the Dow Jones Index.
CBOT_MINI:YM1!Long
by Genesiv
Dow Jones: Jello 🍮What’s your favorite kind of jello? Cherry? Lemon? Raspberry? Dow Jones seems to prefer woodruff, as the index has been munching through the green jello between 30576 and 31689 points quite efficiently. Now that it has finished wave 2 in green, Dow Jones is already on its way to the next green jello between 37669 and 39249 points, where it should complete wave 3 in green. To take a bite there, it has to climb above the resistance at 34246 points first, though. Also, there is still a 42% chance that Dow Jones could wobble downwards below the support at 30109 points and thus below the next one at 29639 points as well.
CBOT_MINI:YM1!
by MarketIntel
E-mini Dow Jones Futures (YM1!), H4 Potential for Bearish DropType : Bearish Drop Resistance : 32600 Pivot: 31872 Support : 30974 Preferred Case: On the H4, with price moving below the ichimoku indicator, we have a bearish bias that price will drop from pivot at 31872 where the pullback resistance and 23.6% fibonacci retracement are to the 1st support at 30974 where the swing low support and 78.6% fibonacci retracement are. Alternative scenario: Alternatively, price could break pivot structure and rise to 1st resistance at 32600 where the pullback resistance, 50% fibonacci retracement and 78.6% fibonacci projection are. Fundamentals: Due to the easing treasury yeilds and oil prices, we have a bullish bias on the Dow Jones Index. We'll need to exercise caution for this setup because our fundamentals and technicals are not completely aligned.
CBOT_MINI:YM1!Short
by Genesiv
1
E-mini Dow Jones Futures (YM1!), H4 Potential for Bearish DropType : Bearish Drop Resistance : 31860 Pivot: 31240 Support : 30417 Preferred Case: On the H4, with price breaking the ascending trendline and moving below the ichimoku indicator, we have a bearish bias that price will drop to pivot at 31240 where the swing low support and 78.6% fibonacci projection are. Once there is downside confirmation that price has broken pivot structure, we would expect bearish momentum to carry price to 1st support at 30417 where the pullback support and 78.6% fibonacci retracement are. Alternative scenario: Alternatively, price could rise to 1st resistance at 31860 where the overlap resistance and 23.6% fibonacci retracement are. Fundamentals: Due to Powell's Hawkish Remarks about monetary policy at the annual Jackson Hole Symposium, we have a bearish view on the Dow Jones Index.
CBOT_MINI:YM1!Short
by Genesiv
1
E-mini Dow Jones Futures (YM1!), H4 Potential for Bearish DropType : Bearish Drop Resistance : 32591 Pivot: 31864 Support : 30432 Preferred Case: On the H4, with price breaking the ascending trendline and moving below the ichimoku indicator, ,we have a bearish bias that price will drop from pivot at 31864 where the pullback resistance and 23.6% fibonacci retracement are to 1st support at 30432 where the pullback support and 78.6% fibonacci retracement are. Alternative scenario: Alternatively, price could break pivot structure and rise to 1st resistance at 32591 in line with pullback resistance, 50% fibonacci retracement and 78.6% fibonacci projection. Fundamentals: Due to Powell's Hawkish Remarks about monetary policy at the annual Jackson Hole Symposium, we have a bearish view on the Dow Jones Index.
CBOT_MINI:YM1!Short
by Genesiv
Micro Dow Jones Futures (MYM1!), H4 Potential for Bearish DropType: Bearish Drop Resistance: 32606 Pivot: 31864 Support : 30405 Preferred Case: On the H4, with price breaking the ascending trendline and moving below the ichimoku indicator, ,we have a bearish bias that price will drop from pivot at 31864 where the pullback resistance and 61.8% fibonacci retracement are to the 1st support at 30405 where the pullback support is. Alternative scenario: Alternatively, price could break pivot structure and rise to 1st resistance at 32606 in line with pullback resistance, 61.8% fibonacci projection and 38.2% fibonacci retracement. Fundamentals: Due to Powell's Hawkish Remarks about monetary policy at the annual Jackson Hole Symposium, we have a bearish view on the Dow Jones Index .
CBOT_MINI:MYM1!Short
by Genesiv
E-mini Dow Jones Futures (YM1!), H4 Potential for Bearish DropType : Bearish Drop Resistance : 32603 Pivot: 31862 Support : 30417 Preferred Case: On the H4, with price breaking the ascending trendline and moving below the ichimoku indicator, ,we have a bearish bias that price will drop to pivot at 31862 where the pullback support, 100% fibonacci projection, 61.8% fibonacci retracement and 127.2% fibonacci extension are. Should price break pivot structure, we would expect bearish momentum to carry price to 1st support at 30417 where the pullback support is. Alternative scenario: Alternatively, price could rise to 1st resistance at 32603 in line with pullback resistance. Fundamentals: Due to Powell's Hawish Remarks about monetary policy at the annual Jackson Hole Symposium, we have a bearish view on the Dow Jones Index.
CBOT_MINI:YM1!Short
by Genesiv
E-mini Dow Jones Futures (YM1!), H4 Potential for Bearish DropType : Bearish Drop Resistance : 33435 Pivot: 32609 Support : 31851 Preferred Case: On the H4, with price breaking out of the ascending trendline and moving below the ichimoku indicator, we have a bearish bias that price will drop to pivot at 32609 where the pullback support and 38.2% fibonacci retracement are. Once there is downside confirmation of price breaking pivot structure, we would expect bearish momentum to carry price to 1st support at 31851 where the pullback support, 61.8% fibonacci retracement and 127.2% fibonacci extension are. Alternative scenario: Alternatively, price could rise to 1st resistance at 33435 where the pullback resistance and 50% fibonacci retracement are. Fundamentals: Due to fears of aggressive interest rate hikes ahead of the central bank’s annual Jackson Hole economic symposium, we have a bearish view on the Dow Jones Index.
CBOT_MINI:YM1!Short
by Genesiv
Micro Dow Jones Futures (MYM1!), H4 Potential for Bearish DropType : Bearish Drop Resistance : 33432 Pivot: 32605 Support : 31852 Preferred Case: On the H4, with price breaking out of the ascending trendline and moving below the ichimoku indicator, we have a bearish bias that price will drop to pivot at 32605 where the pullback support and 38.2% fibonacci retracement are. Once there is downside confirmation of price breaking pivot structure, we would expect bearish momentum to carry price to 1st support at 31852 where the pullback support, 61.8% fibonacci retracement and 127.2% fibonacci extension are. Alternative scenario: Alternatively, price could rise to 1st resistance at 33432 where the pullback resistance is. Fundamentals: Due to fears of aggressive interest rate hikes ahead of the central bank’s annual Jackson Hole economic symposium, we have a bearish view on the Dow Jones Index.
CBOT_MINI:MYM1!Short
by Genesiv