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Dowjonesindustrial

DJI down 17% to 30636 VWAP fr Covid low; will 20% @29570 be nextDJI retraced already 17% from 36952 ATH to a low of 30636, now at 32120. This completed a 1:1 abc corrective wave. 30636 is also the black VWAP from pandemic low. This may be the bottom if 30636 holds. If it does not hold, DJI may retrace 20 % (bear market boundary) to 29570 pivot which is also the pre-pandemic top. This will be near the 0.382 FIB retracement level from pandemic low of 18213 to ATH of 36952. This will also be a retracement back to the base of my slanted FIB CHANNEL. If yields continue to rise, value stocks will outperform growth & tech stocks. Not trading advice
DJ:DJILong
by xtremerider8
DOW 30: STILL BEARISH?Currently trading @ 31773 The Dow has been in a bearish trend for 8 weeks now and we still expect it to continue its bearish trend. Currently approaching the edge of the descending channel We expect it to reject a potential break-out and it to continue to the downside. Long-term we expect Dow to reach August to November 2020 support levels @ 29200 before some short term retracement to the upside in the month of June. Short term key entries(Bearish) Sells Sell limit @ 32,000 Sell Stop @ 31,600 @ 31,300 Long term key entries(Bullish) Note: on 1D & 1W chart Dow 30 is showing signs of turning bullish Buys Buy limit @ 29,300 @ 30,200 Buy Stop @ 32,700 Note: this is just an analysis based on technical analysis & current events. All investments involve risk, our analysis and trading strategy does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make.
U
by fxspott
Dow Jones: Move Yourself!Move yourself! You always live your life, Never thinking of the future. Prove yourself! You are the move you make, Take your chances, win or loser. See yourself! You are the steps you take, You and you, and that's the only way. Shake, shake yourself! You're every move you make, So the story goes… Dow Jones should listen closely to “Owner of a Lonely Heart” by Yes as the text of the first stanza is indeed in accordance with what we would encourage the index to do. After it has been given the brush-off by the resistance at 34038 points, Dow Jones has retreated deeply into the green zone between 33724 and 32519 points, even touching the white zone between 32389 and 32241 points below it to finish wave (C) in white. Now, the index should brace up and move upwards, striding across the green zone and climbing above the resistance at 34038 points. However, there is a 45% chance that Dow Jones could fail to pick itself up and could drop below the support at 32167 instead.
CBOT_MINI:YM1!
by MarketIntel
1
Dow Jones Index (US30): Important Decision Ahead 📈 Hey traders, US30 is testing a major weekly demand cluster again. For those who want to catch a bearish continuation, I would suggest waiting for a breakout of the underlined blue area to the downside. If we see a daily candle close below that, the market may drop to 30.000 support. Be prepared! ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
UShort
by VasilyTrader
15
Dow can drop another 10%Like all stock indices, also Dow is not "feeling well", with the index starting the year badly and now trading again near support. The recovery attempt started in March failed hard in the 35k zone and the selling power become very clear 2 weeks ago with a red candle that engulfs one month of trading. As I said, Dow is trading near support now and I expect a breakdown My target for this index is the 30k zone. Sell rallies is, in my opinion, a very good strategy and I will be bullish only if the price pass above 35k
EASYMARKETS:DOWUSDShort
by Mihai_Iacob
5
Dow Jones Index (US30): Bearish Outlook For Next Week 📈 Hey traders, As you remember, one week ago Dow Jones broke a horizontal trading range to the downside. Its first retest made the market drop to 33100. Then we got 1 more retest and this time the index dropped even lower reaching 32900 level. I assume that next week we may expect a bearish continuation in such a manner. The next goal for sellers is 32200 - 32450 demand cluster. Good luck! ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
UShort
by VasilyTrader
15
Dow Jones: EnsnaredRemember the Devil’s Snare in “Harry Potter”? It is one of the obstacles Harry, Ron and Hermione have to overcome to get to the Philosopher’s Stone. Quite similarly, Dow Jones is ensnared by the green zone between 33790 and 32534 points, which it has entered already for the second time. We expect it to advance a bit deeper still to finish wave (5) in white, wave c in turquoise and wave 2 in green. After it has managed this task, the index should rise out of the green zone and above the mark at 34038 points. There, it should gain enough upwards momentum to cross the resistance at 35413 points as well. To confirm this scenario, though, Dow Jones must not fall through the bottom of the green zone and drop below the support at 32167. However, there is a 40% chance that this alternative scenario could come into play.
CBOT_MINI:YM1!
by MarketIntel