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
US30USD Will Go Higher From Support! Long!
Here is our detailed technical review for US30USD.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 42,119.2.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 42,845.4 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Like and subscribe and comment my ideas if you enjoy them!
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 H4 - Long Signal US30 H4
Something like this would make sense for us on Dow Jones, we gapped up massively to start the week and we are still looking to continue higher, once the dust has settled, we can see where we are on US30 and which zones are in play. Hopefully we can gain something buy catching longs from this 42,300 price when it trades higher and retests again as support price.
We saw a big selloff Friday, dumping as much as 600 points in a single 4 hour period, seeing that move correct and sustaining would be a requirement for what we are after. The market gaps were no doubt significant, being in excess of 100 points.
Could US30 drop from here?The price is rising towards the resistance level which is an overlap resistance that lines up with the 23.6% Fibonacci retracement and could drop from this level to our take profit.
Entry: 42,413.14
Why we like it:
There is an overlap resistance level that aligns with the 23.6% Fibonacci retracement.
Stop loss: 42,768.22
Why we like it:
There is a pullback resistance level.
Take profit: 41,939.71
Why we like it:
There is a pullback support level.
Enjoying your TradingView experience? Review us!
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.
US30 H4The Dow Jones continued its decline and did not give us a chance to buy based on the previous analysis. The Dow Jones has reached a very difficult area so far, a no-decision area. Therefore, we must wait and see who will win.
US-30 DJIAThis 4-hour chart of the Dow Jones Industrial Average Index (DJIA), shows recent price action and key technical indicators. The index has been in a bullish trend since mid-September, reaching highs near the 43,000 level. However, recent price action indicates a bearish correction, with the price currently testing support around 42,000.
If the price holds above 42,000, a potential buying opportunity may arise. Initial targets would be set around the 42,800–43,000 resistance.
The seasonality of DJIA during the presidential cycle also shows an upward move from end-October till mid-November.
US30 I Potential long from bottom of the channel & weekly levelWelcome back! Let me know your thoughts in the comments!
** US30 Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
NEW IDEA FOR DOWJONES An increase in the profits of companies can help to increase the price of the Dow Jones index
By examining the trend in the one-hour time frame, the Dow Jones index has the support of 42078, and now, provided it is maintained, the rate can rise to the resistance of the ceiling of the descending channel in the range of 42879.
Bullish continuationUpon anticipating a bearish reversal, the index bounced off a previous resistance at 43.890 and rose further. The index will likely expand until the upward momentum gradually starts declining.
Election Year Cycle & Stock Market Returns - VisualisedIn this chart, we're analysing the open value of the week the US election took place and comparing it to the open of the following election, showing the gain (or loss) in value between each election cycle.
Historically we can see prices in the Dow Jones Industrials Index tend to appreciate the week the election is held. Only twice has the return between the cycles produced a negative return.
Buying stocks on election day, 8 out of 10 times has yielded a profitable return between the election cycles. 80% of the time in the past 40 years returning a profit, has so far been a good strategy to take.
The typical cycle starts with the election results, an immediate positive movement and continued growth before finishing positive.
The Outliers
2000-2004 was the only year which ended negative without prices going higher than the election day.
2004-2008 increased 41.84% before ending negative.
2008-2012 began the cycle falling 30.62% before finishing positive.
The names of presidents who won their respective elections is to visualise who had the presidential term during that specific cycle.
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
US30 BearishBLACKBULL:US30 looks like price respected my precious analysis confirming that it's still bearish therefore if price respect the 41.875.9 zone then we'll be looking for more shorts. But if price breaks the 41.875.9 zone we'll be looking for longs all the way to 42.600.0 zone. With that being said I'm still bearish under the 41.875.9 zone, as we wait for the US 🇺🇸 elections.
