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Earnings, Fed Outlook Lift Wall Street Pre-Bell; Asia,Europe Off Technical Analysis: US30 Current Outlook: The price reached its resistance line which is 41055 and then stabilized under it, today will consolidate between 41055 and 40650 till breaking Bullish Scenario: To initiate an uptrend, the price must break above 41055, potentially reaching 41360. Bearish Scenario: As long as the price remains below 41055, it indicates a continued downtrend towards 40650. Key Levels: - Pivot Line: 40980 - Resistance Levels: 41055, 41185, 41,360 - Support Levels: 40650, 40420, 40100 Today's Expected Trading Range: The price is anticipated to fluctuate between the support level at 40650 and the resistance level at 41,055.
OANDA:US30USDShort
by SroshMayi
Dow Jones 30 Continues to See Volatility*Introduction The Dow Jones 30 initially did rally last week, but then turned around to show signs of massive pressure after the jobs number came out much lower than anticipated After all, expectation on the jobs number was somewhere in the neighborhood of 165,000 jobs added last month and got eventually a number of 114,000 added So obviously that’s a huge miss. With that being the case, the forecast for this coming week is to gain within a situation where trading will continue to look at this area of interest as an important indication to trade on *Take Profits | Midterm forecast 40090.92 39270.30 38464.67 37723.36 37136.10 36322.45 35724.18 *Technical analysis A peak is formed in daily chart at 41259.40 on 07/31/2024, so more losses to support(s) 39270.30, 38464.67, 37723.36 and minimum to Major Support (37136.10) is expected Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains. Relative strength index (RSI) is 44 *The labels that are used are ment to draft and measure context to the price action involved and contain no rules-engaged notebook + applied-set up indicators, but an avoiding interference to use other rules-engaged software to enhance in general, regarding to the watchlist and trade plan that is relevant to trade-on *Key indicators on Trade Set Up in general; 1. Push Set Up 2. Range Set Up 3. Break & Retest Set Up *Active Sessions on Relevant Range & Elemented Probabilities; - Asian(Ranging) - London(Upwards) - NYC(Downwards) - Weekend Crypto Session
CAPITALCOM:US30
by jasper16231
For 25 years, indices have followed the action preceding 1929.Here's a sequence of unlikely seeming coincidences showing how eeirily similar the action over the last 25 years has been the action before the Great Depression. The 1920s Market Crashes In the 1920s, there were two significant market crashes, each around 50%. By drawing a Fibonacci extension from the low of the first crash to the high of the second, we see that the top of the roaring 20s and the entry into the Great Depression aligned with a spike out of the 423% Fibonacci level. The market initially reacted to this level, spiking above it and then reversing. Modern Times Comparison If we apply the same analysis to the DJI, drawing a Fibonacci extension from the low of the 2000 crash to the high in 2007, we observe a similar pattern in modern times. The DJI is currently spiking above this level, mirroring the behavior seen during the 1920s. Historical Rally and Current Trends From the base of the 1920s rally to the peak before the crash, the DJI rose by an impressive 500%. Currently, the DJI is 540% above the 2009 low, showing a similar pattern of significant growth. Trend Stability and False Crashes The DJI trend was steady until it reached about 300% above its previous low, at which point it experienced false crashes before skyrocketing to a final high. This pattern is also evident in the current DJI, where instability began in 2018 around the 300% mark above the 2009 low. Topping Extensions In the 1920s, drawing a Fibonacci extension from the low to the high before the big false crash revealed that the high was a 2.61 extension. The same pattern appears in the 2019 rally. Projected Downside Levels The 1929 crash began with a 50% drop, followed by a 40% rally to retest the break level. If the DJI today experienced a similar 40% drop, it would likely see a significant rally to retest the break level. This historical comparison provides a framework for anticipating future market movements and potential recovery scenarios. Full Downtrend Extensions In the Great Depression, the DJI fell to the 61% Fibonacci retracement level from the previous crash low to the all-time high. Today's DJI would likely exhibit similar behavior if a major downturn occurred, providing a historical basis for forecasting potential market lows during significant downtrends. Final Extensions The drop in the DJI during the Great Depression would go to the 3.20 Fibonacci level. This would spike under the lows of the previous crashes that the mighty rally had come out of. Were the DJI of today to make a similar extension, this would also project a low just a little under the 2009 low. ===== That's a lot of coincidences.
TVC:DJIShort
by holeyprofit
1
US30 Bullish LongTitle: Long US30 (Dow Jones Industrial Average) Based on 1-Hour Bullish Divergence Trade Setup: - Asset: US30 (Dow Jones Industrial Average) - Timeframe: 1-hour - Entry: Buy at the close of a bullish candlestick pattern confirming divergence - Stop-Loss: Below the recent swing low on the 1-hour chart - Take-Profit: Based on key resistance levels or a 1:2 risk-reward ratio Analysis: - Bullish divergence confirmed on the 1-hour timeframe - Volume supports potential bullish reversal Trade Plan: - Enter long position on 1-hour bullish confirmation - Set stop-loss below recent 1-hour swing low - Take profit at key resistance levels or using a 1:2 risk-reward ratio - Risk 1-2% of trading capital This trade plan aligns with technical analysis and provides a structured approach to capitalizing on the potential bullish reversal in US30.
BLACKBULL:US30Long
by MAAwan
US30 -Futures Plunge Amid Economic Worries; Jobs Report in Focus Futures Decline Sharply Amid Economic Concerns; Focus on Jobs Report Technical Analysis: US30 Current Outlook: The US30 index has dropped approximately 2.50% from the previously noted resistance level of 41,055. Today's trading is expected to be highly sensitive and volatile due to the impending jobs data release. Bullish Scenario: For an uptrend to commence, the price must stabilize above 40,060, potentially advancing to 40,420. Bearish Scenario: Should the price remain below 40,060, the bearish trend is likely to continue towards 39,790 and further down to 39,410. Key Levels: - Pivot Line: 40,060 - Resistance Levels: 40,260, 40,420, 40,650 - Support Levels: 39,790, 39,580, 39,410 Today's Expected Trading Range: The price is anticipated to fluctuate between the support at 39,410 and the resistance at 40,420. ----------- Futures Decline Sharply Amid Economic Concerns; Focus on Jobs Report Futures experienced a significant decline on Friday following disappointing forecasts from Amazon and Intel, which intensified concerns about the health of the U.S. economy. Investors are now keenly awaiting a crucial jobs report for insights into the labor market's condition. All attention will be on the nonfarm payrolls reading at 8:30 a.m. ET, which is expected to provide further indications of a potential easing in the U.S. labor market. According to LSEG, the data is projected to show an increase of 175,000 jobs in July, following an addition of 206,000 jobs in June. Previous idea:
OANDA:US30USD
by SroshMayi
Could DJ30 bounce from here?The price is falling towards the support level which is a pullback support that lines up with the 78.6% Fibonacci projection and could reverse from this level to our take profit. Entry: 39,976.70 Why we like it: There is a pullback support level which lines up with the 78.6% Fibonacci projection. Stop loss: 39,474.44 Why we like it: There is a pullback support level which lines up with the 127.2% Fibonacci extension. Take profit: 40,554.06 Why we like it: There is an overlap resistance level which aligns with the 38.2% Fibonacci retracement. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
DLong
by VantageMarkets