dow jones down 15% -Some time ago, I identified a strong resistance zone near the 45,000 level on the Dow Jones Industrial Average chart, based on historical price action and technical indicators. Since then, the index has experienced a notable correction, declining to approximately 38,314 as of the most recent close — representing a drawdown of nearly 15% from the identified resistance level. This move reinforces the significance of that resistance area and suggests heightened market sensitivity around those levels
US30 trade ideas
Tariffs Didn’t Cause the Correction — It Was Coming Anyway🚩 Intro: Markets Correct — They Don’t Need Permission
Every time the market drops hard, the headlines rush in to explain it. This time, it was President Trump’s dramatic tariff announcement on April 2nd. The media called it a shock.
I didn’t.
I’ve been calling for S&P 500 to drop to 5,200, and NASDAQ-100 to 17,500, since early January.
Not because I predicted tariffs. But because the charts told the story.
The market didn’t fall because of politics — it fell because it had to.
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🔥 The Spark: Trump’s “Liberation Day” Tariffs
On April 2, 2025, Trump rolled out an aggressive trade agenda:
• 10% blanket tariff on all imports
• Up to 54% tariffs on Chinese goods
• 25% tariffs on imported cars and parts
• With limited exemptions for USMCA-aligned countries
Markets reacted instantly:
• S&P 500 dropped 4.8% — worst day since 2020
• NASDAQ-100 plunged over 6%
• Tech mega caps lost 5–14% in a day
Sounds like cause and effect, right?
Wrong.
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🧠 The Real Cause: A Market That Was Ready to Fall
Let’s talk technicals:
• S&P 500 had printed a textbook double top at the 6100–6150 zone
• NASDAQ-100 had formed a rising wedge, with volume divergence and momentum fading
• RSI divergence was in place since February
• MACD had crossed bearish and also deverging
• Breadth was weakening while indices were still pushing highs
• Sentiment was euphoric, volatility crushed — a classic setup
You didn’t need to guess the news. The structure was screaming reversal.
SP500 CHART:
NASDAQ CHART:
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🧩 Why Tariffs Made a Convenient Narrative
Markets love clean stories. And Trump’s tariffs offered everything:
• Emotional trigger
• Economic fear factor
• Political drama
• Global implications
But smart traders know better: markets correct based on positioning, not politics.
As soon as the wedge broke on NAS100 and SPX broke the double top's neck line the path was clear — risk off.
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📉 I Was Calling This Since Q1
The targets were public:
SPX = 5,200. NAS100 = 17,500.
And the logic was simple:
• Overextension in AI-led tech
• Complacent VIX environment
• Crowded long positioning
• Bearish divergences and fading momentum
Double Top and Rising Wedge on SPX and Nas100
We didn’t need a reason to drop. The market had been levitating without support. All we needed was a trigger — and we got one.
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🧭 Lesson: Trade the Structure, Not the Story
Here’s what I hope you take away:
✅ Setups come first. News comes later.
✅ If it wasn’t tariffs, it would’ve been CPI, earnings, Fed minutes, or a bird on a wire
✅ Don’t chase headlines. Anticipate setups.
The best trades aren’t reactive. They’re built on structure, sentiment, and timing — not waiting for CNBC to tell them what’s happening.
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🔚 Conclusion: It Was Never About Tariffs
Tariffs were the match.
But the market was already soaked in gasoline.
This correction was technical, predictable, and clean.
📝 Post Scriptum — The Setup Shapes the Narrative
Let me be clear:
I’m not a Trump fan. Hoho — not by far.
But I’ll swear this on any chart:
If the setup had been the opposite — double bottom, falling wedge, positive divergences, and improving momentum — these exact same tariffs would’ve been interpreted as “bold leadership,” “pro-growth protectionism,” or “markets pricing in a stronger America.”
That’s how it works.
Price action leads. Narrative follows.
When structure is bullish, traders celebrate even bad news.
When structure is bearish, even good news becomes a reason to sell.
So no — it wasn’t about Trump. It never is. It’s about where the market wants to go. The rest is storytelling.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
Dow Jones INTRADAY key trading levels ahead of US employmentKey Support and Resistance Levels
Resistance Level 1: 40540
Resistance Level 2: 41000
Resistance Level 3: 42000
Support Level 1: 38940
Support Level 2: 38175
Support Level 3: 37320
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
Wall Street - Printing a very Dangerous Move!The Dow Jones (US30) is currently testing a critical level within its long-term ascending channel. The next move depends on whether the price holds or breaks this structure.
🔹 Possible Scenarios:
1️⃣ Bullish Bounce (Channel Holds) ✅
If price finds support within the 38,000 - 36,000 zone, we could see a strong rebound.
A bounce from this level may lead to a retest of 42,000 - 44,000, with potential for another attempt at the upper channel near 46,000+.
Confirmation: Look for bullish price action like long wicks or a bullish engulfing candle.
2️⃣ Bearish Breakdown (Channel Breaks) ❌
If the price breaks below the channel and closes under 36,000, this could signal a trend shift.
A breakdown may accelerate selling, leading to further downside targets at 32,000, then 28,000.
Confirmation: A strong weekly close below support with increased volume and no immediate recovery.
📌 Key Takeaway:
Channel intact → Buy dips for potential continuation.
Channel break → Expect deeper correction towards long-term supports.
Let me know your thoughts! Are you bullish or bearish on US30? 🚀📉
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Disclaimer: This content is intended for educational purposes only and does not constitute financial advice.
No Signs of the Bull ArmyDow Jones Update : The correction appears likely to continue, testing the 40,045–40,467 range. Subsequently, the index is expected to rebound toward the 40,714–40,945.
Additionally, it is worth noting the gap in the 41,173–41,629 range—perhaps the market may find its way there.
DOW JONES INDEX (US30): Detailed Support & Resistance Analysis
Here is my latest structure analysis for US30 Index.
Resistance 1: 40650 - 40850 area
Resistance 2: 41150 - 41300 area
Resistance 3: 42550 - 42850 area
Support 1: 40000 - 40250 area
Support 2: 39470 - 39650 area
Support 3: 38400 - 38650 area
Consider these structures for pullback/breakout trading.
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US30 Trade Update – 04/04/2025🚨 US30 Trade Update – 04/04/2025 🚨
📉 US30 Sell-Off Intensifies!
The Dow Jones has now broken below 41,000 and is approaching the critical support at 40,063. Bears are in full control, and if this level fails, we could see a test of 39,279 next.
🔍 Key Observations:
✅ Major rejection at 42,359 resistance
✅ Strong bearish momentum breaking 41,000
🔻 Next Major Support: 40,063 → 39,279
🎯 Trade Plan:
🔹 Short below 40,063 → Target 39,279
🔹 Look for bounce signs at 40,063 for potential reversal
🔹 Long only if price reclaims 40,600+
⚠️ Watch for a reaction at 40,063—this level could determine the next major move.
Warning Signs Flashing: Dow Jones Breaks Key SupportThe Dow Jones Index has officially broken its rising trendline support, signaling a possible shift in the medium-term trend. After losing this key ascending structure, price is now hovering near the psychological support zone of 40,000, which has historically acted as both resistance and support.
This level is crucial. If it holds, we could see a temporary bounce or consolidation. However, if the 40K zone fails to provide support, the index may head toward the next major support area around 38,000, aligned with the longer-term trendline support.
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Trade Idea : US30 Short ( MARKET )Technical Analysis Overview:
1. Daily Chart:
• The index is in a clear downtrend, with price action breaking below the moving average.
• MACD is deeply negative, with a bearish divergence and downward momentum.
• RSI at 37.28, indicating approaching oversold territory, but not yet reversing.
2. 15-Minute Chart:
• Strong downward momentum with sharp drop visible.
• MACD is heavily negative, confirming bearish momentum.
• RSI is at 32.71, indicating oversold conditions, but no clear sign of reversal yet.
3. 3-Minute Chart:
• Sharp sell-off followed by consolidation.
• MACD is negative but appears to be flattening, suggesting potential for a short-term bounce or continued consolidation before the next move.
• RSI at 44.38, showing mild recovery from previous lows but still below the midpoint (50).
Trade Idea:
• Position: Short (Sell)
• Entry Level: 41,250 (near minor resistance or after a weak bullish retracement)
• Stop Loss (SL): 41,800 (Above recent consolidation zone or resistance)
• Take Profit (TP): 40,400 (Previous support area with good potential for price to test)
FUSIONMARKETS:US30
Do Or Die!The past few weeks have caught out many bulls as Trump tariffs wreck the markets.
41K support today may just be the bottom, this area must hold, otherwise we are heading not just for a correction but a bear market.
The falls have been consistent and steady, no real plunges which points to a correction, although we do have a double top from the Dec highs and early Feb highs.
Gold and silver have been the standout performers, 3000 gold will be blown away.
A mix of Trump threats of tariffs and many beginning to wake up to media attention in PM's....a hedge against turmoil.
Any close below the Dow low is a short, from here bottom fishing just may produce a rally of significance, perhaps a rally to sell.
Appreciate a thumbs up and God Bless you all!
DOW JONES You will regret not taking this buyDow Jones / US30 remains under heavy selling pressure as it has been yet again rejected under the 1week MA50, failing to hold the closings over it of the past 3 candles.
This is the strongest correction of the index since the September 26th 2022 bottom and the start of the Channel Up.
Despite the negatives, the 1week RSI is almost on the 37.50 level, which is where the last higher low of the Channel Up was formed on October 23rd 2023, again under the 1week MA50.
Obviously even though the downside may continue for a few more days, the extent is limited technically, especially since the worst of the tariffs have been priced and only new and more aggressive ones can inflict more non-technical fear on the market.
This is a unique long term buy opportunity, the likes of which saw 2 rallies before of +21.10%.
Even in the event of one more dip, a 48000 target towards the end of the year is very realistic.
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