The Dow Jones is currently facing significant resistanceThe Dow Jones is currently facing significant resistance. The price has broken above the upper Bollinger Band, and both RSI and MFI are indicating divergence. Based on this, I anticipate a price decline to key support levelsShortby InvoTradingUpdated 5
US30 View!!The Dow Jones Industrial Average DJI has been rising for four consecutive weeks, gaining a total of 4.5% for the period. The latest leg up arrived Friday when the US released its monster job figures for September — a mind-blowing 254,000 new hires, crushing expectations for 145,000. And that’s when the 30-stock Wall Street index climbed 0.8% to a fresh record closing high of 42,352.75 points. The next big test is already looming for the Dow. Earnings season is here and one mainstay corner of the index is about to get spotlighted. Banks, big banks, are lining up to report their financial performance for the third quarter. This week markets will hear from household names JPMorgan JPM and Wells Fargo WFC . They’ll be joined by Procter & Gamble PG , among others.Longby FXBANkthe80551
Possibility of correction It is expected that the upward trend will end in the current resistance range and we will see the beginning of the downward trend. If the index crosses the resistance range, the continuation of the upward trend is likelyShortby STPFOREX110
US30 H4 - Sell SignalUS30 H4 When the markets opened, we saw a large gap to the upside. Following another 30-60 minutes, what would have been our SL would have been knocked. That being said, we wait patiently for the markets to settle before then deciding how we are going to take out trades. We are still very much focussed on this same trading zone, hence the analysis remains the same. I'll be looking for price to reject this 42,300 price again and test the underside for us to consider and measure entries. Lets see what unfolds, but this setup is still on the cards.Shortby Trade_Simple_FX4
Weekly Analyses and Recap Welcome traders, Market Recap Sep 30th - Oct 4th Last week price spent the majority of the time consolidating between 42,380.6 - 41,995.9 before breaking out to the downside at 41,885.8 liquidating any buyers from the support level with pending SLs below structure. This liquidity sweep was the final accumulation of buying pressure allow institutional traders to have their buy orders filled to take price up to the resistance level of the consolidation range. From a fundamental perspective, NFP data came in hotter than expected showing exceptionally strong economic data causing a bullish reaction in equities. Previously strong data would cause a bearish reaction in equities as investors would take it as the Feds pausing rates for longer. However, strong data can sometimes boost investor confidence, leading to a bullish sentiment in equities. If economic indicators suggest robust growth, investors might be more willing to take on riskier assets like stocks. 🚨 October 7 -11 🚨 Moving froward, since price is currently at the resistance level of the consolidation range we can expect price to resume its downtrend. At market open today price gapped up which it is currently trying to fill. This gap up can be considered as a liquidity grab for any early sellers in the market with pending SLs above structure. Will this be the final sweep before price falls? Not sure.. As it is the first day of the trading week, it is possible for price to later retest this area or even do a final liquidity sweep up to 42,479.1 before committing to taking out the lows. Since price is at resistance, there are a lot more sell side liquidity than buy side liquidity to be filled. From an institutional trader perspective, a sell order was placed in order for price to breakout to 41,885.8 and instead of closing in drawdown price will return to the lows to that institutions can either close at breakeven or in profit. As always, major financial institutions are the one who control the market. Higher TF analyses: On the daily chart, we can see that price broke below the 23.0% fib level to signal the Daily LH. Historically price has shown to respect the fib level 38.2%, 50.0% and 61.8% as possible levels for retracement. Since price has broken through the 23.0% but has not reached the 38.2% level then we can expect price to resume its down trend to complete its retracement. On the 23H chart, price has signalled its respective LH indicating that every other TF below it is currently at its highest point and so can expect some retracement for the bigger TF to signal their respective HL. On this chart we can also see bullish FVGs created from the strong buyer momentum as other key areas for price to retest. We also have a imbalance created when price gapped up at 41,621.9 which also aligns with the 38.2% fib level of volatility. Therefore, for the rest of this week my bias is bearish for rice to come down and retest these levels.by jhannellefrancis3
US30/DOW - what do we plan to do for todayTeam, going long US30 now it a pretty risky trade. if we are patient enough, we wait for the short position once it kicks in If you want to go long, ensure tight stop loss is required. will keep you all update during US market opening. Shortby ActiveTraderRoom1
US30 TO NEW ATH OF $43,050 (UPDATE)US30 is up another 1% in profit since our update yesterday. Market is extremely bullish, but it is also very close to our final target of $43,050😍 If the weekly candle closes with a huge wick or shows any sign of bearish sentiment, I will look to close out my entire position & call it a wrap with our US30 investment! This has been a beautiful trade this past year & I hope you all made plenty of profits from this buy. I will let you know when I decide to close out this trade!Longby BA_InvestmentsUpdated 8
US30 TO NEW ATH OF $43,050 (2WK TF)🚀A friend of mine asked for me to analyse US30 as they were looking to add it into their investment portfolio, so I thought I'd share it for free with you all as well! ⭕️ Market Currently in Wave 5 (Impulse Wave). ⭕️ Negative Correlation to DXY, Which We're Bearish on Long Term. ⭕️ Last Rate Hike Expected by Federal Reserve, Which'll Push Up US30.Longby BA_InvestmentsUpdated 5
DJI index is bullishtraders can expect cautious optimism as the Federal Reserve is likely to implement a 25-basis-point rate cut in November, which should provide some support for equity markets. While the job market’s resilience is a positive sign, geopolitical risks and sector-specific issues, such as the airline and energy sectors, may introduce short-term volatility. The outlook for the S&P 500 remains mixed, with a slight bullish tilt driven by the prospects of lower rates and strong corporate earnings in key sectors.Longby MtICHI0
INTRA DAY STRATEGY Possible scenario on US30 trade will be executed upon confirmation buying at marked zones & selling at marked level only upon confirmation with tight stop loss and targeting 100 to 150 pips 42385 level important will look for candle closure below that levelby Awii_Khan3
PVPSMCSHere we have US30. The analysis is based on a HTF which is the weekly that is Pro Impulsive. The MTF which is daily and has a Bullish Bos lastly the LTF for entries which had a internal CHoCH. Failure to break it will result in US30 continuing with the Bull momentum but if it breaks, US30 is likely to correct via MTF before continuing with the bull momentum. Longby LaFIIRE0
DOW JONES QUATERLY ANALYSIS - Target JANUARY 2025Dow Jones looks bullish for the upcoming quarter and it can go upto 45111+ by 1st January 2025. Buy on dips setup will remain intact until Dow Jones breaches 39500 on the downside.Longby IshanMathur051
Us30 technical analysis Analyzing US30: We anticipate a downward trend based on our technical analysis. **Key Points:** Price has broken crucial support levels, indicating potential weakness. **Stochastic Divergence** suggests that bullish momentum is fading, signaling a possible reversalShortby US30EMPIRE1
Dow Jones at the bottom of the ascending channelAccording to the current situation, the Dow Jones index can have an upward correction up to the range of 40,000-40,200. It is likely that gaps will be filled at these points and return to the downward path againLongby AbedEkhlaspoorUpdated 1113
DowJones_4hhello Mid-term analysis of the Dow Jones index Formation of the pattern of the floor Due to the failure of the price in the important range and by maintaining the support of 42,000, it can increase the price towards the price of 44,000 units.Longby Elliottwaveofficial2
US30/DJ30 Money Heist Plan on Bearish SideHallo My Dear Robbers / Money Makers & Losers, 🤑💰 This is our master plan to Heist US30/DJ30 Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Short entry. Our target is Green Zone that is High risk Dangerous level, market is oversold / Consolidation / Trend Reversal / Trap at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich 💰. Entry : Can be taken Anywhere, What I suggest you to Place Sell Limit Orders in 15mins Timeframe Recent / Nearest Swing High Stop Loss 🛑: Recent Swing High using 2h timeframe Attention for Scalpers : If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰. Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰. Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target. Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style. Stay tuned with me and see you again with another Heist Plan..... 🫂bShortby Thief_TraderUpdated 3327
Us30 instant profit Us30 successfully hit TO 280 PIPS 1:2 RR FOLLOWING MM AND RM Shortby DNA_traderofficials2
BULLISH BIAS ON US30Waited for the After math on NFP a nice 2h demand zone occurred because of the impulse move on NFP's job data a retracement was imminent at that level 42036.0 anticipating buys till the newly formed swing high as my take profit target at 42260Longby Nigel-K-W1
Us30 sellUs30 pair looking for another down fall 1:2 RR FOLLOWING MM AND RM Shortby DNA_traderofficials3
US30 SELL- We are currently at daily, weekly and monthly resistance - We are overbought -Market has broke through 3 1hr resistances in the past 12 hours. A pullback is bound to happen - We got an FVG that needs to be revisited Shortby The8thWonderTrader1
US30 Update!We hope for more pumps... After US30 tapped our zone and reacted off it to the upside, we were so sure of the pumps. We had to waiti for it at the point we called, it gave some nice spike reaction there giving us some confidence for more buys... Lock In as we watch it push up more...Longby WavedepthsAcademy0
Futures Dip as Markets Eye Jobs Data and Middle East TensionsUS30 Futures edge lower ahead of jobs data; investors cautious amid Middle East tensions. U.S. stock index futures declined on Thursday as investors awaited labor market data for insights into the economic outlook and the potential for further interest rate cuts by the Federal Reserve, while remaining alert to any escalation in Middle East conflicts. Technical Outlook: The price is expected to approach the resistance level at 42,300 before beginning a downward move toward 42,080. A sustained break below 42,080 will signal a bearish trend, targeting 41,770. However, stability above 42,300 could push the price toward 42,450 and higher. Key Levels: Pivot Point: 42180 Resistance Levels: 42290, 42450, 42700 Support Levels: 42080, 41960, 41770 Trend Outlook: Bearish by breaking 42080 Bullish by breaking 42300 PREVIOUS IDEA: Shortby SroshMayiUpdated 5
End of Week Analyses for NFP data 🚨 October 4th 🚨 Welcome Traders, In a few hours we have the release of the most highly anticipated economic data being released. This is none other than Non-Farm Payroll (NFP) which summarizes the stats of all the the non-agricultural jobs in the USA. This labor market data is important to what the US Fed Reserve pays attention to in order to gage interest rate cuts. As a result investors and major institutional banks (which are the major market movers) tend to react heavily to the data in anticipation to that of the Fed Reserve. If the data comes out higher than expected this indicates an increase in non-agricultural jobs in the USA and thus a strong economy. But unfortunately a strong economy is not what the Fed Reserve needs to see in order to further cut rates and so investors and institutional banks will react negatively to the data resulting in a bearish reaction in equities. Conversely, if the data comes out lower than expected, signalling a weaker economy from lesser jobs, this will cause a bullish reaction in US equities. Given where we are in market structure, there is no telling that price wants to continue its downtrend. A Daily HL was signalled at 41,885.6. Using my fibs this HL point broke through the 23.6% sitting in the middle between that and the 38.2% volatility level. Historically, price has always respected one of the key fib levels and so this tells me that although we got a mid point rejection from support, price will resume its downtrend to respect the next fib level of interest which is the 38.2% at 41,672.1. However not without a short term push to the upside. Given the rejection on the Daily HL candle, we can expect todays daily candle to first have a bullish momentum completing the rejection from support before resuming its downtrend. My reasoning for this is because on the higher TF price has been trading in a consolidation range for roughly 2 weeks now and on Thursday we finally got a breakout to the downside retesting last week's lows. This breakout can be seen as a liquidity grab taking out any buyers who were trying to buy from the support. The fact that price broke out but closed within the consolidation range is a perfect example of liquidity grab. Following the initial breakout at NYSE open on Thursday, price came back down 4hours later to retest those lows before resuming bullish back into range. Price has not managed to go back there since which tells me there's some buying pressure. As I have indicated by the three consecutive red arrows, price has tapped into the grey highlighted support zone three times. If price remains above this support at 41,918.7 the buys will remain valid. But for this to happen, NFP data needs to come out lower than expected to spark a volatile bullish reaction before coming back down for the rest of NY session. If this is the case, my TPs of interest are at 42,152.9 at the 61.8% fib level and 42,252.6 at the 78.6% fib level. After which I will look for sells back down to 41,885.6 at the previous Daily HL. by jhannellefrancis5