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Dowjoneslong

Dow Jones at trendline support: Will it bounce to 44,812$?CAPITALCOM:US30 is undergoing a corrective pullback after forming a double top near the upper boundary of the ascending channel. The rejection from this resistance zone triggered increased selling pressure, driving the price back toward the lower boundary of the channel, where buyers are now looking to step in. If buyers step in and defend this support, we could see a move toward the midline of the channel, with the next key target at 44,812. Holding above this level would reinforce the bullish trend structure and increase the probability of continuation toward the upper boundary of the channel. However, a failure to hold trendline support could weaken the bullish outlook, leading to a potential breakdown and further downside pressure. Price action near this critical zone will be key in determining the next directional move. Traders should monitor candlestick formations and volume for confirmation. As always, managing risk effectively is essential when trading this setup. If you have any thoughts on this setup or additional insights, drop them in the comments!
CAPITALCOM:US30Long
by TrendDiva
21
The Dow Jones Industrial Average (^DJI) Dips 1.69% The Dow Jones Industrial Average (^DJI), a price-weighted measure of 30 U.S. blue-chip companies across various industries except transportation and utilities, faced a notable downturn in Monday’s premarket session. Despite a positive movement in U.S. equity futures, the index saw a 1.69% decline, with its 1-month low serving as a critical support level. A break below this level could see the Dow finding support around the $42,000 region. Technical Analysis The Dow Jones (^DJI) is currently hovering near its 1-month low, which is acting as a key support zone. If the index fails to hold this level, it could face further downside pressure, potentially testing the $42,000 mark as the next major support. The overall sentiment in the stock market remains cautious, with investors monitoring upcoming economic reports and corporate earnings that could influence market direction. Meanwhile, the broader market selloff has had a ripple effect, with the Nasdaq falling 2.5% on Friday, marking its worst weekly decline in three months. The S&P 500 also erased its February gains, while the Dow dropped nearly 750 points over the past week. The weakness in equities has largely been driven by concerns over slowing economic activity, disappointing PMI data, and rising inflation expectations. Economic Uncertainty & Corporate Earnings The broader stock market has been navigating economic uncertainty, with recent data signaling potential challenges. A disappointing services sector report from S&P Global’s PMI survey and a surge in inflation expectations from the University of Michigan’s consumer survey contributed to market jitters. Investors are now turning their attention to **this week’s key economic data releases, including: - Thursday: Second estimate of U.S. Q4 GDP from the Commerce Department - Friday: PCE price index data (the Fed’s preferred inflation gauge) from the Bureau of Economic Analysis These reports will play a crucial role in shaping market sentiment, particularly with **inflation and economic growth concerns** taking center stage. Market Reaction: A Positive Start to the Trading Day? Despite the premarket dip in the Dow, U.S. equity futures suggest a potential recovery: - S&P 500 futures indicate a 32-point gain at the opening bell - Dow Jones futures suggest a 297-point advance - Nasdaq futures are up 93 points, driven by premarket activity in Nvidia, Tesla (TSLA), and Intel (INTC) Additionally, Berkshire Hathaway (BRK.B) shares are up 1.4% after Warren Buffett’s investment firm reported its third consecutive year of record profits, with a staggering $334.2 billion cash reserve. Conclusion The Dow Jones Industrial Average continues to face uncertainty amid economic headwinds and a volatile earnings season. While support at the 1-month low remains crucial, a break below could lead to a test of the $42,000 level. The upcoming economic data and Nvidia’s earnings report will be critical in determining whether the market can regain momentum or if further downside risks persist.
TVC:DJILong
by DEXWireNews
US30 Breakout Setup – Targeting 43700 and 44000 US30 is showing strong bullish momentum with price holding above an ascending trendline, I am currently seeing consolidation near a key resistance level if price breaks above 43346 it could signal a good buying opportunity, I am targeting two main levels for take profit: First target: 43700 (minor resistance). Second target: 44000 (psychological level). My Stop Loss is set just below 43000 to protect the trade, right under the 0.618 Fibonacci retracement and trendline support, Trade Setup: Buy Entry: Above 43346 on a confirmed breakout. Stop Loss: Below 43,000 (protected by the Fib 0.618 level and trendline). Take Profit 1: 43700 Take Profit 2: 44000 This setup has a strong risk reward profile and follows the ongoing bullish trend in US30, Watch for a strong breakout before entering the trade! Best of luck!
CAPITALCOM:US30Long
by kashifone1
Dow Jones Hits All Targets! Bullish Surge CompletesThe Dow Jones has demonstrated a strong bullish trend, with the long trade reaching and completing all profit targets. Key Levels Entry: 42078.17 – The long position was entered as the price broke above this level, confirming bullish sentiment. Stop-Loss (SL): 41954.95 – Positioned below recent support to manage risk in case of a pullback. Take Profit 1 (TP1): 42230.47 – The first target was achieved, confirming the continuation of the upward trend. Take Profit 2 (TP2): 42476.91 – The second target was hit as the bullish momentum continued. Take Profit 3 (TP3): 42723.35 – Momentum carried the price to the third target. Take Profit 4 (TP4): 42875.65 – The final profit target was reached, signaling a strong rally. Trend Analysis The price is comfortably trading above the Risological Dotted trendline, confirming the strength of the bullish momentum. With all targets hit, the trend continues to reflect a strong upward movement, supported by positive market sentiment. The long trade on the Dow Jones successfully hit all profit targets, with the final TP4 at 42875.65 marking the end of a highly profitable trade. Strong support from the Risological Dotted trendline and continuous upward momentum suggest that the market is favoring bulls in this period.
TVC:DJILong
by ProfitsNinja
Dow Jones surges to record highs on Fed easing expectationsThe Dow Jones Industrial Average (DJIA) ascended to record highs on July 16th, 2024, fueled by mounting expectations of a Federal Reserve policy shift towards a more accommodative stance. Fundamental Drivers: Federal Reserve Policy: The CME FedWatch Tool currently suggests a near-certain likelihood of at least a 25-basis point interest rate cut by September, with the upcoming July FOMC meeting potentially maintaining current rates. This anticipated monetary easing is bolstering investor confidence, particularly in sectors sensitive to interest rate fluctuations, such as industrials and small-caps. Economic Data: Recent economic data releases, including stable retail sales figures, point towards a potential "soft landing" for the U.S. economy. This reinforces optimism and supports the ongoing market rally. Sector Rotation: Investors appear to be strategically shifting away from large-cap technology stocks, which have thrived in a low-interest-rate environment, and allocating capital towards sectors anticipated to outperform under rising interest rates. Confirmation: The significant rise in UnitedHealth Group Inc. (UNH) on July 16th (up 6.11%) exemplifies the strength in non-technology sectors. Looking Forward: The Dow Jones' momentum remains robust, and further upward potential exists if upcoming economic data continues to align with the Fed's potential easing narrative. Investors will be keenly focused on forthcoming economic releases and the July FOMC meeting for any insights regarding the timing and magnitude of potential rate cuts.
DJ:DJILong
by signalmastermind
Dow Jones Leading the indices? Next target sky highExtended W Formation has formed on Dow Jones. WHile other indices and stock exchanges are falling or moving sideways, this one is racing up without any shackles. There's always been a price breakout above the downtrend since Aug 2023. All in all, it's looking very bullish and is showing upside to come. Target R35,689 What's interesting is the DOw Jones, SP500 and Nasdaq are normally the leading indices. So could this be a prediction that other indices (including ours) are ready to rally to new HIGHS of the year? If so, we need to prepare for this possibillity with hedging carefully.
CAPITALCOM:US30Long
by Timonrosso
AW Dow Jones Analysis - Long Trade Setup Chart...All the analysis details are in the video below, here I am just posting the chart for the trade setup. If the move up in 2020\2021 is Wave (A) of Wave D then we are trading Wave (C) in 2023. This comes at a time when most people are still extremely bearish. I am sure you will agree that doing the opposite of what everyone else is doing is wise. Entry: 34,756 Stop Level: 32,569 Target: 66,000 (or less) Watch the Long Trade Setup and Bigger Picture video ideas below in related ideas. Remember to use Disciplined Money Management Principles to ensure longevity as a trader. If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd? Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
TVC:DJILong
by AriasWave
3
AW Dow Jones Analysis - Watch This for a Long Trade Setup...As a follow up to yesterdays in depth analysis of the bigger picture for the Dow Jones, there is also a long trade setup to speak of. So far I can see no issue with the current setup and only expect higher prices from here. It would appear that whilst most people are still quite bearish, the waves paint a different picture. This contrarian view has the potential for a decent return with low risk. Entry: 34,756 Stop Level: 32,569 Target: 66,000 (or less) Watch the bigger picture video below in related ideas. Remember to use Disciplined Money Management Principles to ensure longevity as a trader. If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd? Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
TVC:DJILong
by AriasWave
3
US30 Analysis & Trade PlanUS30 is looking bullish today, After tomorrow's rally & the breakout of the trendline, at the current Market Price US30 can make a move down to retest the trendline & Support level. I'm looking at the 33480 - 33550 level to enter the long trade after the confirmation in lower timeframes. And my Last take profit will be around 33950. Bullish Signals: 1. 4hr Bullish trend continuation 2. Trendline Support 3. 33547 Support level 4. 0.5 & 0.382 Fib Support
ULong
by talhaiqbal678