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DJ30 trade ideas

US 30 - Ranges overview Not much happening from an overall perspective in the markets since we’ve started September. Overall ranges are pretty clear from here. Here is what I would be looking at for this week. IF we fail to hold the current lows expect us to continue lower towards the sellside sitting around 39880 expect. Any clean break below 39880 and we’ll continue lower towards the HTF sellside (red line) IF we hold the current lows we should expect a run back towards the buyside resting about 41000. If we close above and hold expect us to continue higher. Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.
CAPITALCOM:US30
by Patrick2707
US30 KEY LEVELS FOR 09/09/2024**Explanation:** This trading system helps you avoid blind trades by providing confirmation for better entries and exits. It considers volume, past prices, and price range. **Entry/Exit Points:** - **Entry/Exit Lines:** Use the GREEN line for long trades and the RED line for short trades, based on confirmation from your trading plan. - **Stop Loss:** For long trades, set the stop loss at the RED line below. For short trades, set it at the GREEN line above. - **Take Profit:** For long trades, target the next RED line above. For short trades, target the next GREEN line below. **Timeframe:** Use a 5-minute timeframe for trading. **Risk Disclaimer:** This setup is for educational purposes. I'm not responsible for your gains or losses. Check the chart for more details.
BLACKBULL:US30
by nandupk
Roaring 20s, Roaring 20s Paralleled 100 Year Event. Roaring 20s, Roaring 20s Paralleled 100 Year Event. During 1920s - 1930s we experienced a "pandemic event" in both scenarios *odd*. It created a shock crash followed by a pandemic rebound that the masses called "bubble" this is where valuations broke due to a black swan event. We use the SMA 2D (200) that shows the larger trend of the market and we see similarities of this "bubble" crash bounce in 1922-1924, oddly similar to 2022-2024 right?. What's even more dangerous about today is the market in the roaring 20s was held back by the Gold dollar peg, today? we don't even have that. We just have interest rates. Following the 1924 situation the New York FED cut funding rates to avoid a "unemployment crisis" and it began the fueling of the final stage of a major bubble. Differences? during the pandemic in the 2020s Governments forced central banks to print trillions and trillions and enforce lock downs to stop the circulation of the currency. Following this they then raised interest rates globally sucking capital back into "bills" "Money Market Funds". What happens next?, the FRED will cut interest rates aggressively to avoid unemployment spiking trying to front run the future and in return these rates being lowered will rally bonds and release capital and new leverage back onto the market based on the debasement of QE we experienced. Yes the QE during the pandemic barely touched the markets where people were calling 2022 a "bubble". SPX/USM2 has broken out of a major trend while the FRED aggressively raised interest rates indicating this new "trend" cannot be contained without raising rates higher and its impossible to do so with the Government debt interest. A new bubble fueled by "Artificial Intelligence, Bitcoin, Electric Cars, Robotics, Biotechnology" could be rivalling the "automobile, radio, and electricity" fuel of the 1920s. The big question is does it end in a giant crash without a depression? and the answer will ultimately be how well the leveraged is contained in the later stages of the market.
TVC:DJILong
by SatoshiInsight
The last few candles show a clear declineCurrent Price Action : The Dow Jones Industrial Average (DJI) is currently trading at 40,345.42, with a notable drop of 410.34 points (-1.01%). This indicates a bearish move. The last few candles show a clear decline, indicating potential weakness after a recent rally. Bollinger Bands : The price is close to the middle of the Bollinger Bands. It previously reached the upper band in August, showing overbought conditions, and is now moving towards the middle or lower band. The widening of the Bollinger Bands suggests increased volatility in recent sessions. Support & Resistance : Support: The lower Bollinger Band (~37,122) could act as the immediate support level. A fall below this level could signal further downside potential. Resistance: The upper Bollinger Band (~42,400) and the recent high (~41,585) are potential resistance levels that the price may struggle to break. Trend Analysis : The current trend on this daily chart shows a short-term downtrend. However, considering your usual approach of referring to weekly and monthly trends, it might be worth checking those timeframes to assess if this is part of a larger correction in a long-term uptrend. Conclusion : Short-term outlook: Bearish, with potential for more downside if support at the lower Bollinger Band breaks. Key Levels to Watch: Resistance at ~41,585 and support at ~37,122. Volatility: Expect increased volatility due to the widening of the Bollinger Bands and recent price action.
DJ:DJIShort
by Sahrin
US30: Sell Opportunity After Red Line RejectionUS30 has shown a strong rejection at the red line, signaling a potential sell trade. Keep an eye on price action as it approaches the green levels—possible bounce zones where a reversal could occur. These key areas may provide both continuation and counter-trend opportunities for day traders. Got questions about these lines? Drop a comment, and follow for more real-time insights! Disclaimer: This is not financial advice. Always trade responsibly!
UShort
by Remora_traders
Bearish Outlook Continues Ahead of NFP and U.S Jobs Data ReleaseNFP, Unemployment Rate, and Average Hourly Wage Data Set for Release Today The price declined by approximately 550 points, as highlighted in our previous analysis. From a technical standpoint, today's outlook remains bearish, supported by the positive U.S. jobs data. The price is projected to reach 40,470 and 40,320, with a potential break below 40,320 paving the way toward 40,000. Alternatively, if the price stabilizes above 40,470, it may consolidate between 40,470 and 40,800. These economic reports are expected to significantly influence Dow Jones market movements. Key Levels: Pivot Point: 40620 Resistance Levels: 40700, 40800, 41030 Support Levels: 40470, 40320, 40000 Expected Trading Range: 40700 - 40000 Trend: Bearish while under 40630.
OANDA:US30USDShort
by SroshMayi
2
DOW JONES correction to extend until the Fed.Dow Jones (DJI) did what we expected of it 3 weeks ago (August 13, see chart below) and after pricing a Higher Low at the bottom of the 5-month Channel Up, it rebounded and reached the All Time High (ATH), pricing a Higher High: In continuation of that analysis, we now expect the new Bearish Leg to extend to possibly as low as the 0.618 Fibonacci retracement level, which was the case with the May 30 pull-back. The 1D RSI suggests that a 35.00 value would be ideal to signal a buy (same as May 30, see how both RSI fractals priced the top on the 70.00 overbought limit), while a Bullish Cross on the 1D MACD would be the final confirmation of the buy. Our long-term Target remains 42400 (+11.00% from the Higher Low, the same % rise as the July 18 High). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US30Short
by TradingShot