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US WALL ST 30

US30USD YM1! DOW 2022 OCT 17US30USD YM1! DOW 2022 OCT 17 Support at 28886 long was fruitful. Market is in rotation of 1800pts. Next target should be toward bottom of rotation range 28635. Possible scenarios: 1) Rotation play = trades to be taken at boundary of range. 2) Signs of breakout = look for higher lows / market loitering near -> breakout of zone, --> test and accept of breakout = long 3) Signs of breakdown = look for lower highs / market loitering near bottom of range --> breakdown of range --> Short on test and reject of breakdown Price reaction levels Short on Test and Reject | Long on Test and Accept 32789 31793 31385 30513 28732 29639 29315 27741 26876 26212 Weekly: High vol up bar close off high toward middle = undecisive Daily: Ave vol down bar close off at low = minor supply H4: Very high vol down bar close at low = demand present Remember to like and follow if you find this useful. Have a profitable week ahead.
CBOT_MINI:YM1!
by paradox677
S&P and DJIA bearish flag to come?Stock market has still stayed in a bearish market structure. Observing multiple bull rallies throughout since February/March 2022. And bull rallies will continue so long as market sentiment continues to expect a more negative month/quarter than it actually is, although still in a decline versus previous month/quarter. We can tell bearish market sentiment from the recent economic data releases where: Forecast < Actual < Previous Forecast is lower than the actuals, and actuals being lower than previous We are in a decline, but expectations were that of a faster decline which is not happening. The economy remains resilient, and this will mean the FED needs to do more to hamper down on inflation. Expecting more aggressive rate hikes, where on the announcements, stock market is expected to make a move lower.
OANDA:SPX500USDShort
by geneAnalytics
Selling US30 into current resistance.DOW30 - Intraday - We look to Sell at 29608 (stop at 29955) The primary trend remains bearish. We are assessed to be in a corrective mode higher. Bespoke resistance is located at 29700. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower. Our profit targets will be 28828 and 28600 Resistance: 29700 / 31100 / 32600 Support: 28800 / 26000 / 23500 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:US30USDShort
by OANDA
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