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Us30long

DOW JONES US30 :BULLS DEFENDING THEIR ZONEThe Dow closed 540 points higher on Friday, while the S&P 500 and Nasdaq 100 were up 1.8% and 2.2%, respectively, boosted by a sharp rebound in regional banks and solid jobs report that tempered fears of a recession. PacWest and Western Alliance rebounded sharply by 81.7% and 49.3%, leading regional banks’ gains after JPMorgan upgraded Western Alliance, Zions Bancorp and Comerica in a note and stated the three banks appear “substantially mispriced” in part due to short-selling activity. Also, investors welcomed positive earnings from Apple, pushing its stock up 4.7%. On the data front, the US nonfarm payrolls and wage growth accelerated more than expected in April indicating that the US economy remains strong, challenging the expectation that the Federal Reserve rate-hike cycle would end. On a weekly basis, the Dow and S&P 500 lost 1.5% and 0.9%, while Nasdaq gained 0.1% and hit its 37-week high. Technical (1) 31500 and 32615 are the next possible buying zones where Bulls will attack the Bears. The Maket Bias is Bullish, but the momentum is slowing down....(profit taking) Inceasing volume and higher momentum will bring back the DOW to 34597 (1) . The volume has more powerfull shifts, meaning that more participants start to push DOW higher. In case the Bulls hold this zone the next taget will be 35659 ( 2) and then 36968 (3) FED´s Plan could send DOW 45099( Target1) probably in 2nd Quarter 2024 and to 54695 (Target2) in 2025-2026 (4) Profit Taking over the weekend could send DOW at the beginning of the next week to 32473. (5) In case the Maket loses this zone the next retracement aea will be 31464 (6) Last Resort: Eveything below 31287 will be the last chance for the Bulls to defend their positions 30880 30332 29164 28651 SHORT SET-Up: If the Market breaks this area ,then the Bears will aggessively take control over the market. The pice will soar to around 24000 very fast ( See 7) and losing that zone will bring Dow back to 22598 and then 20593 (See 8)
CAPITALCOM:US30Long
by DaveBrascoFX
Dow Jones showing upside with bullish breakout patternsThere are many bullish breakout patterns in the process. On a larger scale there is an Inverse Head and Shoulders. On a smaller scale, there is a Box Formation and a W Formation in the making. We just need the price to break above and out of the formations, to get our confirmation. Other indicators confirm including: 7>21>200 RSI>50 Target 36,426 SMC Sell Side Liquidity is showing below the W Formation where Smart Money comes down and sweeps the selling from the retailers as they buy into it. NOW WE WAIT!
CAPITALCOM:US30Long
by Timonrosso
SHORT - US30 (2 Jul 2023)Position Trade - US30 Monthly: - Price has reached a multiple-tested supply zone in the Monthly chart - Hence, SHORT opportunities are present as price corrects itself downwards to the Demand zone. Weekly: - There are 3 possibilities where price might move 1) Price might break TL and 1 demand zone and travel to the opposing demand zone; then we can sell from the new supply zone form that did the 2 things 2) Price might travel deeper into the HTF supply zone (MN) and then travel downwards. However, it will take a long time, and might be lower odds. But if price does it, it will be a mega sell opportunity 3) Price will continue to rally before hitting the MN supply zone and pierce deeper, before travelling downwards Daily: 1) Price needs to break the zone before finding a SELL zone in the Daily chart 2) A very very conservative trade will be to wait for a LONG time for price to reach back deep into the HTF zone for sell trades 3) Potential buy zone to trade in (reversal trade), before price goes downwards again
PEPPERSTONE:US30Short
by angieh
US30 AnalysticHello everyone. I want share my idea about US30. This week was little bearish for US30 after touch to serious and very strong resistance, but in my opinion US30 still bullish and it still have power for continue uptrend. from here I opened my long position, last of the week we saw strong price movement first down then up. for reach our target first we need to brake resistance at 34300, then 34500 which is the strongest resistance at the moment. lets see we need to wait only. Here is nothing more to talk too much only trust to my strategy. BE PATIENT!!!
BLACKBULL:US30Long
by elmakacho