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US30

DOW JONES: Mega sell signal formed.Dow Jones has hit the top of the 18 month Channel Up and is already being rejected, turning neutral on the 1D technical outlook (RSI = 51.769, MACD = 112.170, ADX = 21.784). This is a rejection that can evolve into a full bearish reversal as the 1W RSI broke under its MA trendline. This is important because every time this break out happened (dashed vertical lines), the index had technical corrections. Inside the Channel Up those initially hit the 0.382 Fibonacci level. Consequently, we can target at least the S1 level (TP = 37,030) but it is equally likely to reach even below the 0.382 Fib and contact the 1W MA50. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US30Short
by InvestingScope
DOWJONES - Buy Zone!Hi there! I'm a buyer on the DOW JONES: -RMID (Range Manipulation Initiation Distribution) -We have liquidity uptake. -We're in an interesting zone. -We have the optimal Fibonacci. -We have accumulation before/on the zone. -We're in the trend. Let's not forget that we also have good profit results from companies, and we have Nvidia's report coming up, which looks very promising! 🚀 If you liked it and want more, don't hesitate to subscribe and boost the post! Questions? Leave a comment!
CAPITALCOM:US30Long
by KizzFrance
DOW JONES Short-term correction has began.Dow Jones (DJI) has had yesterday the strongest red 1D candle since February 13 and 2nd strongest since the October 27 2023 bottom. Just as recently as last week (February 26, see chart below) we called for a 'very clear bearish signal' as not only was the price near the top (Higher Highs trend-line) of the 1.5 year Channel Up but also the 1W MACD was on a Declining Histogram similar to the August 2023, December 2022 and August 2022 tops: To get a better idea of the shorter term implications of that signal, we view Dow today from the 1D time-frame, where the 1D RSI has been on a Bearish Divergence (Lower Highs against the index' Higher Highs) December 19 2023. Again within the structure of the Channel Up, the same RSI pattern was formed during the August 01 2023 and December 2022 Higher Highs. Both declined by virtually the same percentage (-9.25%). Such a decline would push the price as low as 35650, which is where the 1D MA200 (orange trend-line) currently is. Instead we would like, as mentioned, to keep a shorter term perspective here and time a 3-4 week target. Once the 1D MA50 (blue trend-line) breaks, it will be the most optimal sell confirmation, with a conservative short-term Target being Support 2 at 37120. Notice that this would be near the 0.5 Fibonacci retracement level of the Channel and if it takes place in early April, it will be as close to the 1D MA200 as possible. In any case, the 1D RSI touching the 30.00 oversold barrier, is technically always a solid level to start buying again for the long-term. Note also how the current top is virtually the same rally % (+21.00%) as December 13 2022. This shows that we shouldn't neglect the symmetry of waves within this long-term Channel Up. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US30Short
by TradingShot
US30 H4 | Potential bullish breakoutUS30 is rising to the buy entry level. It could potentially breakout of the buy entry and rise to the take profit. Buy entry will be at 38767.90, the overlap resistance that aligns with the 38.2% Fibo retracement. Our take profit will be at 39168.70, the swing-high resistance. The stop loss will be placed at 38445.95 the swing-low support. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
FX:US30Long
by FXCM
DOWJONES - Buy Zone!Hi there! I'm a buyer on the DOW JONES: -RMID (Range Manipulation Initiation Distribution) -We have liquidity uptake. -We're in an interesting zone. -We have the optimal Fibonacci. -We have accumulation before/on the zone. -We're in the trend. Let's not forget that we also have good profit results from companies, and we have Nvidia's report coming up, which looks very promising! 🚀 If you liked it and want more, don't hesitate to subscribe and boost the post! Questions? Leave a comment!
CAPITALCOM:US30Long
by KizzFrance
UPDATE: US 30 trend trading haven to 40,000This is a bit out of my expertise. THe price broke above the pattern and reached the first target. Since then it's bneen a trenders market. Simply buying, holding and raising stop losses above in case the trend changes. They have their systems and strategies, and I'm just waiting for a Breakout pattern to form. However, the price is above both 20MA and 200MA which makes the bias continued to be bullish. The next target I can imagine is none other than a psychological level at 40,000. Then we could see consolidation and range boundedness for a while.
CAPITALCOM:US30Long
by Timonrosso
DOWJONES - Buy Zone!Hi there! I'm a buyer on the DOW JONES: -RMID (Range Manipulation Initiation Distribution) -We have liquidity uptake. -We're in an interesting zone. -We have the optimal Fibonacci. -We have accumulation before/on the zone. -We're in the trend. Let's not forget that we also have good profit results from companies, and we have Nvidia's report coming up, which looks very promising! 🚀 If you liked it and want more, don't hesitate to subscribe and boost the post! Questions? Leave a comment!
CAPITALCOM:US30Long
by KizzFrance
US30 Will Move Higher! Buy! Here is our detailed technical review for US30. Time Frame: 5h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 39045.90. Considering the today's price action, probabilities will be high to see a movement to 39207.36. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
FX:US30Long
by SignalProvider
1
US30 STILL VERY BULLISH (buys from 38500.0 back up)US30 continues to appear bullish to me, and I anticipate a temporary retracement to eventually mitigate the daily demand zone I've identified. Within this zone, there's also an Asian low that I expect to be taken out through a spring from a Wyckoff accumulation. Once this occurs, price would have reached the refined 10-hour demand zone, where I plan to enter buy positions, potentially leading to a new bullish rally and the creation of new highs. However, I'll be keeping an eye on NFP Friday to see its impact on the Dow Jones, which promises to be interesting! Confluences for US30 sells are as follows: - Price has formed a daily demand zone that could cause another bullish rally for us30. - Trend line liquidity forming just before the demand which I see as a trap for early buyers. - Liquidity to the upside still left and overall market trend is very bullish. - Price has broken structure the upside on the higher time frame confirming trend. P.S. Should price opt to breach the entire daily demand zone during NFP week to eliminate the liquidity beneath it, I anticipate a temporary bearish sentiment, given that it would have violated significant downside structure. HAVE A GREAT TRADING WEEK AND BE CAUTIOUS OF NFP FRIDAY!
OANDA:US30USDLong
by Hassan_fx
2
A Traders’ Weekly Playbook: Records are there for breaking After a quiet start to the week in markets, Friday’s US session saw risk come alive. A poor US ISM manufacturing at 47.8 – notable in the new orders and employment sub-components – was married with comments from Fed members Lorie Logan and Chris Waller, in turn promoting a strong rally in US Treasuries, with additional rate cuts being priced through 2024. The result was new all-time highs in the US500, US30 and NAS100, with the US2000 eyeing a key breakout of its longer-term range high. New US equity highs backed new highs seen in the AUS200, JPN225 and EU Stoxx and GER40. Gold also got huge attention from clients, rallying 1.9% to set at a new closing high, and we’ve seen many in our alt-crypto offering (notably Bitcoin cash) ripping. We’ll see if the feel-good factor lasts, but I find it interesting that equity and risky assets rallied despite seeing poor US data – where it’s easy to argue that poor data that increases economic slowdown risk, could have prompted risk aversion. So, while we can also point to Fed chatter, it seems in this case bad economic data was good for risk, with the overriding factor being increased rate cut expectations. We’ll see if that same reaction is seen in the outcome of the US ISM services print and the various labour market readings, as these will be the key cross-asset drivers this week. Powell’s testimony to Congress will also get a look-in from traders and we know if he wants to move market pricing he can. The ECB and BoC meeting and the China NPC meeting will get good attention but will play second fiddle to the US data. The poor market internals in equity may be an amber warning sign to some, but market internals and breadth have offered no profitable signal for a while - pullbacks remain shallow and there is a hunt to go hard on risk. There is plenty to navigate this week but for now, the price action shows that the bulls are very much in control. Long equity hedged with gold exposures seems the play, and looking at the charts on the higher timeframes it feels like the path of least resistance being onwards and upwards. Good luck to all. The marquee event risks for the week ahead: The key risk events for markets this week – China NPC meeting, ECB meeting, Jay Powell’s testimony to Congress & US nonfarm payrolls. Monday Switzerland CPI (18:30 AEDT) – the market looks for CHF headline CPI to print 1.1% yoy (from 1.3%) and core CPI at 1% (from 1.2%). The CHF swaps market prices a 25bp cut at the Swiss National Bank (SNB) meeting on 21 March at 70%, so a weaker than expected CPI print should see the market push that implied to c.90%, suggesting the SNB could lead G10 central banks in the sequencing of policy easing. As a result the CHF could become a consensus short from hedge funds. Look for XAUCHF to rally hard on a weak CPI number. Tuesday   US ISM Services Index (Wednesday 02:00 AEDT) – the market looks for the services index to print 53.0 (from 53.4). Given the moves in risky assets (equity, credit) and gold post last week’s ISM manufacturing this data point could drive market volatility. A print below 51.0 would be a surprise and promote further upside in XAUUSD, with the market putting notable attention on the new orders and unemployment components of the survey. Japan (Feb) Tokyo CPI (10:30 AEDT) – the market looks for JP headline CPI to print 2.5% (from 1.6%) and CPI ex-food and energy unchanged at 3.1%. After last week’s upside surprise in the JP national CPI print, and the upside move in 2-year JGB yields to 0.19% (the highest level since May 2011), the market will watch this one closely and an upside surprise could see JPY shorts cover. BoJ Gov Ueda speaks at a fintech summit (15:00 AEDT) – after speaking last week at the G20 meeting and his comments considered dovish, we’ll see if this is the forum for a change in Ueda’s stance. ‘Super Tuesday’ – the biggest day in the primaries calendar, with some 15 states voting to nominate their choice of Presidential nominee. Given Trump’s result in South Carolina, it seems a done deal that he will get the REP nomination, so it's hard to see Super Tuesday as a market event. China 14th National People Conference – the market will learn of the government’s economic targets for 2024 and what they are aiming for GDP, inflation, unemployment, and the deficit. We should see officials target growth of “around 5%” but it is feasible they aim for more. Wednesday US JOLTS job openings (Thursday 02:00 AEDT) – the market looks for 8.89m job openings (from 9.026m) – Traders with long positions in equity and gold and USD shorts will want to see a weaker print vs consensus expectations. Australia Q4 GDP (11:30 AEDT) – the market looks for Q4 GDP of 0.3% QoQ / 1.4% YoY (from 2.1%), but expectations will be massaged as we get the partials (inventory, company profits, net exports as a percentage of GDP). Can’t see this being a mover of the AUD to any great degree, so would have limited concerns about holding AUD positions over this data point. UK Budget (23:30 AEDT / 12:30 local) – Rishi Sunak needs Jeremy Hunt to pull a rabbit out of a hat to get voter momentum into the UK election - but one questions if this budget moves the dial on voting intentions and impacts the UK bond market, and by extension the GBP? Recent media suggests the chance of a major fiscal boost from the budget has been reduced - see my colleague Michael Brown's preview here - pepperstone.com Bank of Canada meeting (Thursday 01:45 AEDT) – the BoC won’t move on policy and will almost certainly keep rates at 5%. Given the recent downside surprise in December GDP (1.1% YoY) and January CPI print (of 2.9%) we could get stronger guidance on future easing. CAD swaps price 85bp of cuts (or just over three 25bp cuts) by December, so the move in the CAD will come as traders reconcile the tone of the statement with this pricing. Thursday Fed chair Jay Powell testifies to Congress (Friday 02:00 AEDT) – Jay Powell’s testimony will garner big attention from the market, where most see Powell offering a balanced/neutral view of economic risk and policy – this is his last formal forum to speak before the 20 March Fed meeting, in which some feel some risk of a risk of a hawkish pivot. China trade data (no set time) – a hard one to react to given there is no set time for the release – the market looks for exports to increase by 3% and imports by 1.5%. A larger import number could boost currencies such as the AUD, NZD, and CLP. Japan labour cash earnings (10:30 AEDT) – while we look ahead at Japan’s spring wage negotiations, the market looks for cash earnings of 1.3%, which suggests real wages of -1.4% Mexico CPI (23:00 AEDT) – the market looks for headline CPI at 4.43% (from 4.88%) and core CPI at 4.62% (from 4.76%). Given recent economics, the prospect of a 25bp cut in the 21 March Banxico meeting looks likely, and the CPI print could reinforce that belief. Conversely, an upside surprise could see USDMXN break 16.9924 support and offer a larger downside move to 16.8000. ECB meeting (Friday 00:15 AEDT) – the ECB are not expected to ease until June, so the statement and Christine Lagarde’s speech will most likely reflect the market’s central view. The bar seems high for the ECB to open the door to an April cut at this meeting, and Lagarde’s commentary may point to a “few month months” of data before they ease. The ECB’s updated economic projections, while likely to be downgraded, will still not be poor enough to suggest increased urgency to normalize. Unless we get a big surprise from the ECB, I’d be looking to fade moves in EURUSD into a 1.0920 to 1.0760 range this week. Friday US nonfarm payrolls (Sat 00:30 AEDT) – the market looks for moderation from the blowout January report, where the consensus sits at a healthy 200k jobs created in February. The unemployment rate is expected to remain at 3.7%, with average hourly earnings growing 4.3% yoy (from 4.5%). NFPs is the marquee event risk of the week, but forging a playbook is not clear cut – One questions if a rise in the U/E rate lifts risky assets as bond yields fall (rate cut expectations increase), or whether this outcome promotes risk aversion as traders consider the negative implications on economics. The USD will hold the cleanest read on the review of the data. Canada employment report (Sat 00:30 AEDT) – the market looks for 20k jobs created and a tick up in the U/E rate to 5.8%. International Women’s Day Saturday China CPI/PPI (12:30 AEDT) – the market sees CPI increasing by 0.2%, which would mark the first positive read after four months of falling consumer prices (month-on-month). PPI is eyed -2.6%. The trader’s concern here is around whether this offers any gapping risk for China assets, or its proxies (AUD, NZD, CLP etc) – I would argue it doesn’t. US earnings – Target, Marvell Technology, Costco, Broadcom Full Fed speaker line-up for the week
PEPPERSTONE:XAUUSDLong
by Pepperstone
1
DOWJONES - Buy Zone!Hi there! I'm a buyer on the DOW JONES: -RMID (Range Manipulation Initiation Distribution) -We have liquidity uptake. -We're in an interesting zone. -We have the optimal Fibonacci. -We have accumulation before/on the zone. -We're in the trend. Let's not forget that we also have good profit results from companies, and we have Nvidia's report coming up, which looks very promising! 🚀 If you liked it and want more, don't hesitate to subscribe and boost the post! Questions? Leave a comment!
CAPITALCOM:US30Long
by KizzFrance
US30 Is Bullish! Long! Here is our detailed technical review for US30. Time Frame:8h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 38818.55. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 39218.35 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
BLACKBULL:US30Long
by SignalProvider
2
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
DOWJONES - Buy Zone!Hi there! I'm a buyer on the DOW JONES: -RMID (Range Manipulation Initiation Distribution) -We have liquidity uptake. -We're in an interesting zone. -We have the optimal Fibonacci. -We have accumulation before/on the zone. -We're in the trend. Let's not forget that we also have good profit results from companies, and we have Nvidia's report coming up, which looks very promising! 🚀 If you liked it and want more, don't hesitate to subscribe and boost the post! Questions? Leave a comment!
CAPITALCOM:US30Long
by KizzFrance