US30 is in downtrendUS30 is in downtrend on hourly chart price is making higher highs and lower highs, current levels are good for shorting price has taken a correction and know showing bearish signs.
US30 trade ideas
US30 BUY ANALYSIS SUPPORT LEVEL Hello Trader . What do you think about US30 ? Here on US30 price make support around area of 42316.1 zone which is likely to reverse to complete a resistance level before making a change there for trader should go for LONG and target profit around resistance area. Remember to like and share your thought on comment!
US30 - Dow Jones IndustrialThe week’s key economic updates kick off tomorrow with the Labor Department's Job Openings and Labor Market Turnover Survey (JOLTS), which is anticipated to provide new insights into labor market dynamics.
In its previous report, JOLTS indicated a 4.3% increase in job openings, bringing the total to 8.04 million. However, hiring, layoffs, and resignations all saw a decline, aligning with the Federal Reserve's decision to implement a 50 basis point interest rate cut.
For the upcoming September report, analysts predict job openings will decrease by 0.6%, reaching 7.99 million.
Additionally, the Conference Board will release its October Consumer Confidence report. Of particular interest will be the job confidence component, as it could offer a complementary perspective to JOLTS findings.
The day will also see the release of the Case-Shiller report, the first of several upcoming housing market indicators. According to economists surveyed by Reuters, the 20-city composite index for August is expected to show a moderation in home price growth, down to 5.0% year-over-year from the previous 5.9%.
Bearish Market BIASThe market broke out of a strong resistance and is looking highly likely to go retest that zone before a further continuation to the down side .
US30 Holds Bearish Bias Below Key Resistance LevelsUS30 Technical Analysis
As long as trades under 42450 will support a bearish trend to touch 42125and below that will get 41950 as well
Stability above 42,125 may prompt a move toward 42,300 and 42,450; however, a bullish reversal requires a breakout above 42,590.
Key Levels:
Pivot Point: 42280
Resistance Levels: 42770, 42910, 43050
Support Levels: 42125, 41950, 41750
Trend Outlook:
- Bearish by stability below 42450
- Bullish by stability above 42590
previous idea:
Dow Jones Potential UpsidesHey Traders, in today's trading session we are monitoring US30 for a buying opportunity around 43900 zone, Dow Jones is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 43900 support and resistance area.
Trade safe, Joe.
Dow JonesDJI - Dow Jones
Completed " 12345 " Impulsive Waves. Bullish Channel as an corrective pattern in short time frame and rejection from Upper Trend Line at Fibonacci Level - 261.8%. Strong Divergence with Break of Structure
Selling outlookWe are looking at sell opportunities targeting the recently broken higher time frame swing high level, an acceleration in price to be expected towards this level as break and test retail traders will be opening buy positions to push price to the upside.
We are selling against the late buyers given that the DXY is gaining strength and the drop in Gold price is the greatest signal we can use in our advantage at the moment.
Dow Jones Priced in GoldUS Equities (priced in gold) aren't quite done yet.
Just a massive range for the past 10 years...
#gold #djia #spx #stocks #inflation #recession
Bearish Correction Expected with Key Bullish Trigger at 44270Technical Analysis
The price has increased by approximately +5.20% over the past week.
Today, a corrective move toward 43900 is expected, with a break below 43760 potentially signaling a bearish trend targeting 43350.
Alternatively, a break above 44270 would open a new bullish phase, aiming for 44400 and 44600.
Key Levels:
Pivot Point: 44270
Resistance Levels: 44400, 44600
Support Levels: 43900, 43760, 43350
Trend Outlook:
Bearish Correction toward 43900
Bullish Continuation above 44270
previous idea:
US30 Will Go Up From Support! Buy!
Here is our detailed technical review for US30.
Time Frame: 17h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 44,172.7.
Considering the today's price action, probabilities will be high to see a movement to 44,971.3.
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!
SELL probability on US30SELL probability
@ the crossunder/closers below
44.060
SL -- 44.100
(( SELL prob. again below 44.140 with + - 100points SL ))
TP ¹ -- 44.000
(( Watch if reversal to entry with W%R ))
TP ² -- 43.900
(( REVERSAL ))
TP ³ -- 43.800
(( Friday lows max ))
HappyTradingWeek
Euphoria LONG for TARGET area 49-52kBased on the long term analysis market could probably top in coming months which are seasonaly strong periods for the markets called as Santa Claus rallies and early beginning of the next year in 49-52k area we could reach some turnaround point. We are now still in very nice and strong uptrend when buy on pullback is reasonable still but based on funds massive long exposure which is unprecedent I expect we are coming to the last euphoria stage for markets which may rocket the price to 50k area. I am cautios and will be looking for short entry opportunities then. Now targeting long entries.
NVIDIA joins the DowUS stock indices settled down a touch yesterday. The Dow ended unchanged. The mid-cap Russell 2000, which had soared on news of Trump’s win, pulled back a touch to close 0.4% lower. The S&P 500 added 0.7%, while the tech-heavy NASDAQ gained 1.5%. Volatility, as measured by the VIX, has fallen sharply, and is now back to levels last seen towards the end of August, not long after the yen carry-trade unwound. The majors were mixed in early trade this morning, but then turned lower. There is little in the way of significant economic data releases or earnings reports to influence market direction. It’s worth noting that NVIDIA is entering the Dow Jones Industrial Average, replacing Intel. This should give the index an extra jolt of volatility. Bear in mind that the Dow is a price-weighted index which means the higher the stock price, the greater the influence on the index. NVIDIA is trading at an all-time high just under $150. Intel trades around $26, having recently bounced off lows last seen in September 2010. NVIDIA will rank at the top of the bottom third of the index, while Intel was bottom. The inclusion of NVIDIA comes just ahead of its next earnings update on 20th November. Bond yields have softened, pulling back from highs last seen in July. Yesterday the Federal Reserve cut rates by 25 basis points, as expected. Fed Chair Powell said he was ‘feeling good’ about the economy, although he did warn that the US was on an unsustainable path as far as fiscal policy is concerned. He also made it clear that he would complete his term as Chairman which runs until 2026. The President has no power to sack him. Markets are still predicting one more 25 basis point rate cut in 2024, but the probabilities are swinging about a bit. As usual, the Fed will remain data-dependent when it comes to rate decisions, although Powell maintains that current monetary policy remains restrictive. No doubt he’s thinking of all those real estate loans that will reset next year.
US30 Is Bearish! Sell!
Take a look at our analysis for US30.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 43,838.04.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 42,226.86 level.
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!
longstill in this trade going for long President Trump's win push stock market even higher and we might see more record breaking prices
US30 Awaits Bullish Confirmation Amid Seller PressureHello,
In the latest analysis, we observed a resurgence in upward momentum for the BLACKBULL:US30 . Now, a confirmation is needed above the 1-month pivot point (1M PP). Currently, the price is testing the 1-week pivot point (1W PP), with sellers still exerting considerable pressure and anticipating further downside. While it might seem counterintuitive to lean toward a bullish outlook, all indicators are pointing in that direction. However, if the 1M PP again acts as resistance, further support tests could follow.
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
DJI Dow Jones Industrial average 24 hr potterbox Dow Jones Industrial average with a 24hr potterbox. as you can see the price bounced off of the floor and we are heading up to cost basis the middle of the road the red line. any break from this box and its going to make a new high or low. This is a fairly slow moving stock. Trade accordingly.
SHORT, waiting for a 15m/5m to close above 80 RSISHORT, waiting for a 15m/5m to close above 80 RSI
TPs 41940-41900 range
