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US30

US30 Intra-Week Analysis Feb 27th, 2024We ended last week in a consolidation zone just after creating another All-Time-High slightly under 39300. We've had a slow start to this week regarding volume, but price has now broken below this demand zone, potentially making its way to test 38800. If we break below 38800 expect price to continue down to 38500 or even 38200. Our main bias on the other hand would be price tests 38800, while showing signs of rejection before returning to 39000.
CAPITALCOM:US30
by Itskaleel
XAUUSD - GOLD 1hrSimple trading - Gold is holding for its life below the 2040 Level. Let's wait for more candles to close before committing to a buy. Gold is bearish on the higher time frames. Keep in mind the Daily triangle that has previously been broken and is now retesting. (see previous gold chart) BULLS: watch the lower blue trend line. If gold can keep rejecting the trend line and continue making higher highs it will break through the 1hr resistance. * wait for a retest! Do not get faked out by one bullish candle BEARS: Watch the higher orange trend line. Use this line to grab entries. You can see the bearish signals on the chart. pay attention to the close of the next candles. *wait for a solid red rejection candle below the previous high
OANDA:XAUUSDShort
by nikdobii
DOW JONES Very clear bearish signal.Dow Jones (DJI) is approaching the top (Higher Highs trend-line) of the the 1.5 year Channel Up, while flashing a very unique medium-term sell signal. That is the 1W MACD Histogram, which is declining, a Bearish Divergence that during that period of time, has initiated 3 declines of more than -9% each. Given the fact that the current Bullish Leg of the Channel Up has extended to almost 21.9%, which is almost as high as the October - December 2022 sequence, we are expecting a medium-term correction back to at least the middle of the Channel Up. Target is 37120 (Support 1) and if a 1W candle closes below the middle, we expect a bottom around the 1W MA50 (blue trend-line) at 36000 (Support 2). ------------------------------------------------------------------------------- ** 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
3
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 DOW JONES Technical Analysis and Trade IdeaThe US30 has enjoyed a robust bullish run, but recent price action on the 1D and 4H charts indicates potential weakness. I'm anticipating a **sell opportunity** should we observe a decisive break below the current range low, followed by a retest and failure of that level. Potential targets for this trade would align with prior 1D accumulation range highs. Remember that trading carries inherent risk. Before executing any trades, it's vital to conduct your own extensive research. Consider both fundamental market drivers and global macroeconomic conditions alongside your technical analysis. Always implement sound risk management practices to safeguard your investment. **Disclaimer**: This analysis presents a technical viewpoint on the US30. It should not be interpreted as investment advice. Base your trading decisions on your own risk profile, comprehensive market research, and a thorough assessment of all relevant variables.
OANDA:US30USDShort
by fxtraderanthony
US30/USD Longs from 38600.0My bias remains strongly bullish for US30 this week. We've witnessed another significant break in structure to the upside, accompanied by robust bullish momentum, reinforcing the prevailing trend. I anticipate a retracement back to a demand level to sustain this upward movement. Upon reaching the daily demand zone, I'm eyeing a refined 10-hour demand zone for a potential bullish reaction. Additionally, I'll be on the lookout for a Wyckoff accumulation pattern within this area My confluences for US30 Buys are as follows: - Price broke structure to the upside once again leaving a clean daily demand. - Overall trend and the current trend remain to be very bullish. - Candlestick anatomy also shows that bulls remain stronger than bears. - Can expect a pullback to mitigate the levels of demand. - Wick left to the upside that needs to get filled and price has been moving impulsively. P.S. We observed a minor sell-off two weeks ago, followed by a resurgence that breached the previous high. Currently, I'm not actively seeking selling opportunities. However, I wouldn't be surprised if price establishes a supply zone, offering a chance to sell back towards the marked demand zone.
OANDA:US30USDLong
by Hassan_fx
The Nvidia effect; US equity indices break out to new highs The Nvidia effect has ripped through global equity markets and given fresh wind to markets that were looking ominously poised for a 3-5% drawdown. New highs have been seen in EU Stoxx, GER40, JPN225, and the US large-cap equity bourses; the US30, US500 and NAS100. What levels do the bulls target now? Well either, you’re looking at fibo extension/projections, psychologically important round numbers, or you hold until price action offers an exit signal, or your trailing stop is triggered. Our client flow is progressively skewed short index positions at current levels (85% of open positions on US30 are held short, 74% short on the NAS100), with many countering for a reversion move, although this is an aggregation of different strategies and timeframes. Nvidia hits the sweet spot Nvidia has dominated the narrative and rightfully so – the flow-on effects into the AI/semi’s scene has been truly emphatic. I won’t go over Nvidia’s numbers at a granular level, but clearly, they hit the absolute sweet spot – beating on Q424 actuals by some margin across the board, but also on their guidance for Q125 numbers. While not meeting some very lofty market expectations was a small risk, there was perhaps a greater fear that the guidance would be too hot, subsequently creating an incredibly high bar to beat in the future. That wasn’t the case, and one could say the outcome was a ‘goldilocks’ scenario. It’s hard to go past the commentary on their outlook and future operating environment, as this has not just lifted Nvidia but the whole scene. Saying that demand will continue to exceed supply all year was a massive bullish trigger. Detailing that supply constraints should improve over the year was also well received, with supply chains asked to increase capacity by 30% for CYQ1. Sales to China have also dropped to mid-single-digit percentages despite such explosive revenue growth, which was a factor and could be a big kicker further into the future. Nvidia shares not only closed +16.5%, far higher than the -/+11% implied in options pricing but adding $276b in market cap was absolutely staggering. The fact price closed right on its session highs must enthuse the bulls and for tape readers, it tells a lot about the mindset of the collective – dips will likely be shallow, and traders will chase the upside. 87.75m shares traded hands – the most since November 2023 - and in the options market, we saw 1.51m calls bought vs the 20-day average of 913k. Valuations are obviously lofty, but they matter little for these high-growth plays, which are essentially out-and-out momentum vehicles. Also, consider that Nvidia holds its highly anticipated GTC conference on 18 March – where they are likely to update the market on new products and innovations – so pullbacks in the stock should be shallow, and we could see buyers push price higher into that event. The spill over into names like Super Micro Computers (+32.9%), AMD (+10.7%), Marvell (+6.6%) and Broadcom (+6.3%) is clear. The Philadelphia Semi ETF (SOX) also gets some focus as price breaks to new ATHs. Offshore we saw plays such as Infineon, ARM Holdings, Tokyo Election, Taiwan Semi and Korean Semi names all working well and finding a solid bid. The biggest one-day move since early February On a broad index basis, the NAS100 saw its biggest one-day move since Feb 2023 (a 3% move was a 3.3 Z-score move). That said, for such a big percentage change in the index volumes were only 7% above the 30-day average, although this was more than offset by good breadth with 82% of stocks higher (72% in the US500). NAS100 implied volatility has fallen a touch with the NAS100 VIX index dropping 1.21 vols to 18.4% with the S&P500 VIX -0.80 vols to 14.5%, with traders rolling out of downside hedges. Hedges cost money when the market is ripping and subtract from performance. So global high-quality growth equity has found its mojo courtesy of just one stock, and what they have said about the outlook, which of course means so much not just for the A.I adopters but the enablers. We can once again talk about concentration risk in equity, but we can use the 2023 case study and see that reduced participation in the rally isn’t the red flag for contrarian positions it perhaps once was. While CFD traders will take timeframes down and trade intraday flows – long and short – the primary big-picture trend remains higher, so for those who hold for longer than a day, we need to assess the big risk that can cause a 5%+ drawdown. What can cause a reversal? That risk is inflation, and a resurgence of concerns that we move into a far higher-for-longer regime, with rate cuts essentially priced out for 2024. It is my view that equity can hold in and even push higher if expected rate cuts are priced out for 2024, as long the cause is solid growth dynamics. But if the primary reasoning for reduced rate cut expectation is inflation, which causes long-end bond yields to rise (both nominal and real), and volatility in interest rates and US Treasury’s lifts then equity risk premium will rise, and the bears will likely get their 5-10% pullback. For now, the Nvidia show is real, and a feel-good factor runs through the whole sector – The NAS100 breaks 18k, the US500 eyes 5100 and the US30 looks up at 40k.
NASDAQ:NVDALong
by Pepperstone
1
MY SECREET WEAPON STATEGY FOR SHORT TERM!Daily Markets: Investors Watching Fed Speakers Closely After Inflation Data Following the Consumer Price Index (CPI) report that showed little progress on core inflation, the market will be dissecting comments from a pair of Fed speakers now that market expectations for rate cuts softened considerably after yesterday’s inflation data. WARNING! I AM NOT FOLLOW THE TREND STYLE TRADER, IM WITH MY INDICATOR TO CATCHING THE SIGNAL AND DECIDE PRICE ACTION. SO BE THE FIRST AT THE TOP OR BOTTOM.
PEPPERSTONE:NAS100Short
by KIMIMAKI
4
DOW JONES: Still bullish inside the Channel Up.Dow Jones has turned neutral on the 1D technical outlook (RSI = 53.990, MACD = 135.700, ADX = 29.049) as it crossed under the 4H MA50 and is on a lengthy consolidation phase inside the two month Channel Up. The 4h RSI is on a Bearish Divergence, which doesn't mean much unless the 4H MA200 breaks, as the very same divergence emerged during the December - January consolidation. If the 4H MA200 breaks, we will prepare our short under the S1 level and target the top of the S2 zone (TP = 37,200). Until then, the Channel Up favors buying (TP = 39,500). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US30
by InvestingScope
US30 Will Move Lower! Short! Here is our detailed technical review for US30. Time Frame: 4h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 38518.0. Considering the today's price action, probabilities will be high to see a movement to 38348.8. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
CAPITALCOM:US30Short
by SignalProvider
1
NAS100 simple trading - follow the trend A very bullish market always needs a pullback. What a great Head and Shoulders pattern for a reversal to the downside. NAS100 has officially broken below all bullish trend lines on the Daily. NAS100 is looking to create more sell pressure. With NAS100 being at the top of its weekly trend, look for a correction. Massive sell if NAS100 cannot remain above the 4hr support zone. BULLS : Buy at 17588 4hr support, If candles remain above this area and create bullish momentum, look for a target at 17661. A new higher lower should be a confirmation for continuation to the upside. BEARS : Wait for a retest to 17661 with bearish candles, Do NOT sell now but wait for a retest *Previous sell opportunity: 17730 17665 This week's trading: Look for NAS100 to consolidate and respect market support and resistance areas. Once the market has made a decision, then we trade!
FX:NAS100
by nikdobii