Dow Jones target still on track and new Target to 39,000Old Cup and Handle on Dow Jones is still in play and the target remains at 36,694
A new C&H is almost confirmed with the break to the upside.
The new target is 39,000
7>21 and price >200ma
Broken out of medium term downtrend
Bullish
The Dow Jones seems to be following the January effect (with expected upside)
Also, with Inflation coming at 6.5% as expected, shows the Great Inflation stage is over for now.
This is good for the economy as people will spend more and invest more.
Hopefully the rally will continue.
Dowjonesindustrial
Possible Daily Uptrend?Since JAN 22 we have been in a downtrend on US30, making LH's and LL's.
Recently, a CHoCH formed, creating a new HH and a possible HL.
$DJI leading the pack & Bear close to be done🚨🚨🚨🚨🚨🚨🚨
Not sure how this was missed!😱
$DJI looks VERY VERY VERY good
Went FULL BULL late Sept/early Oct
Mid Nov went neutral to short term bear
Mid December turned cautious bull
NOW
GOOD signs that September was BOTTOM!
-
This is daily & weekly
Inverse head & shoulder pattern = 1 of the best bottom forming patterns
IF right shoulder forms here = HUGE
We've spoken on light blue box area many times
Weekly $DJIA still looks GREAT
-
BONUS
$DJI monthly almost gave up BUT HELD
Did trade below the avg's but fought back
NO Bearish moving avg crossover
$DJIA movement can buy more time
Maybe year or 2
RSI looks ok
$DIA $UDOW $SDOW #stocks
Dow Jonex Index (US30): Technical Outlook
Many of you asked me to share the analysis on US30.
The market is currently stuck between 2 key levels.
33270 - 33500 is a key resistance.
32470 - 32500 is a key support.
The market formed an ascending triangle formation between them.
For now, the future direction of the market depends on a breakout.
A bullish violation of the underlined red resistance will push the price higher.
While a bearish breakout of a trend line of a triangle will initiate a bearish move at least to 32850.
Wait for a breakout, traders.
That will be your trigger.
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
Dow Jones Analysis 02.01.2023Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
DJI still bearishIn our view, DJI remains bearish .
What we can see on a chart is a potential deviation in a well-defined downtrend .
RSI looks weak and remains in a downtrend.
As we're bearish on other major idicies such as SPX:
We expect that DJI will continue going down.
Long-term targets and potential path for DJI are shown on the chart.
Good luck
Dow Jones Analysis 22.12.2022Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
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.
WHAT IS MY VIEW ON US30 ?!Here we have the US30 amazing chart!
I clearly see the character shift from the bullish to the bearish. So it's the exact time to grab some money:) isn't it?!
REVEALED: THE DOW JONES 30 What, Facts and Make-upAll index traders trade it...
But do we know anything about The Dow Jones?
I'm going to break down what it is, some interesting facts about the Index and what companies makes up the index.
Save it because it's all you need for the Dow Jones.
WHAT IS THE DOW JONES?
The Dow Jones 30, or DJIA or "The Dow" is a stock market index that reflects the performance of 30 large, publicly traded companies listed on the New York Stock Exchange and the NASDAQ.
INTERESTING FACTS!
1. The index was created by Charles Dow, editor of the Wall Street Journal, in 1896.
2. The DJIA is calculated by taking the sum of the prices of the stocks of the 30 companies included in the index, and then dividing that sum by a divisor, which is adjusted periodically to account for stock splits and other corporate actions.
3. The DJIA is considered a "price-weighted" index, meaning that the stocks with higher prices have a greater impact on the index's value.
4. The DJIA is one of the oldest and most widely followed stock market indices in the world, and it is often used as a barometer of the overall performance of the U.S. stock market.
The DJIA is composed of a mix of blue-chip and cyclical stocks, which means that it tends to be more stable than some other stock market indices, but it can also be affected by economic and market cycles.
The DJIA is often abbreviated as "the Dow" and is quoted in points, rather than dollars. For example, a DJIA value of 32,920 means that the index is at 32,920 points.
WHAT IS MADE UP OF THE DOW JONES?
3M
American Express
Apple
Boeing
Caterpillar
Chevron
Cisco Systems
The Coca-Cola Company
DuPont
Exxon Mobil
Goldman Sachs
The Home Depot
IBM
Intel
Johnson & Johnson
JPMorgan Chase
McDonald's
Merck
Microsoft
Nike
Pfizer
Procter & Gamble
Travelers
UnitedHealth Group
United Technologies
Verizon Communications
Visa
Walmart
The Walt Disney Company
Exxon Mobil
What Index would you like to know about next?
I'll write about it and post it here.
Trade well, live free.
Timon
MATI Trader
Dow Jones Analyze (Road Map)🗺️(Update)!!!As I said in a previous Idea about Dow Jones, If DJI touches 31885$, we can verify the first scenario.👇
DJI will make the Expanding Leading Diagonal, and I expect that DJI will go down to the end of main wave 5(zones).
Dow Jones Analyze (DJIUSD), Timeframe Daily⏰(Log Scale)
🔴Resistance zone: 33700$ until 33260$
🟢Heavy Support Zone: 31260$ until 29680$
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
40 Bar Cycle Chart - Dow Jones DIA DJIA - Updated 121022Given that we are headed into the release of the November Consumer Price Index this upcoming (Tuesday, December 13th) and also the December Federal Reserve Interest Rate Decision (Wednesday, December 14th) , are markets set up for another short opportunity into the end of January (Q1)?
DIA DJIA Daily Chart Template
www.tradingview.com
Which camp are you in on the short-term (end of year into Q1/23') direction of markets?
Camp A: We are likely we headed for new lows in Q1/23 (Fluctuating Inflation + Persistent Price/Wage Pressures + Hawkish FED).
Camp B: We are likely to break the downtrend into the start of Q1/23' (Peak Inflation + Deflationary Forces + Dovish FED).
Let me know your prediction in the comments below!
DIA Dow Jones Outlook For 2023Throwing a textbook at the charts it becomes clear at what is happening.
This is DIA Dow Jones ETF:
- A Clear double bottom formed that pushed DIA to recent resistance - yellow line
- Another rising wedge is forming which we will see correction, small correction.
- After small correction we will retest Resistance line again.
- AFTER the above we will form a DOUBLE TOP which we can retest resistance.
ALSO note the fibonacci levels at 0.618 we will have to close the gap at the green arrow.
Dow Jones Weekly Volatility Analysis 5-9 Dec 2022 Dow Jones Weekly Volatility Analysis 5-9 Dec 2022
We can see that currently the implied volatility for this week is around 2.82%, down from 3.06% last week according to VXD data
With this in mind, currently from ATR point of view we are located in the 7th percentile, while according to VXD, we are on 8th percentile.
Based on this, we can expect that the current weekly candles ( from open to close ) are going to between:
Bullish: 2.6% movement
Bearish: 1.9% movement
At the same time, with this data, we can make a top/bot channel which is going to contain inside the movement of this asset,
meaning that there is a 19.5% that our close of the weekly candle of this asset is going to be either above/below the next channel:
TOP: 35473
BOT: 33370
Taking into consideration the previous weekly high/low, currently for this candle there is :
79% probability we are going to touch previous high of 34750
21% probability we are going to touch previous low of 33370
Lastly, from the technical analysis point of view, currently from
Weekly timeframe indicates 77% BULLISH trend
Daily timeframe indicates 80% BULLISH trend
4H timeframe indicates 53.3% BULLISH trend
DJI Dow Jones Short???Hello there!
Great news came out yesterday regarding the interest rates by May 2023. Regardless, a great pump in market yesterday. But with such actions opportunities arise that can be seen while charting the trend.
Here we have Dow Jones Industrial DJI shown:
- A previous falling wedge worked it self into a nice pump.
- Heading into correction territory.
- How do you find where the correction will retest and bounce?
-- Take a look at the previous Unclosed gad in green box at the 1HR chart. Gaps eventually will have to be closed.
-- Also take a look at the FIB where the 0.618 lands, right at the GAP.
What are your thoughts?
Thank you for taking a look. Cheers.