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A simple RSI Point Of ViewAnalyzing RSI Divergence in US30: Is a Bear Market or Crash on the Horizon? The Dow Jones Industrial Average (US30) is a key indicator for global markets. Recently, a warning sign has emerged with a divergence in the Relative Strength Index (RSI) observed from July 16, 2024, to September 27, 2024. This divergence, along with high trading volume, raises concerns about a potential market shift. Analysts are comparing this situation to past financial crises, leading to questions about a possible bear market or crash. Understanding RSI Divergence in US30 The Relative Strength Index (RSI) measures price momentum. A bearish divergence occurs when prices make a new high but the RSI does not, indicating weakening momentum. Between July and September 2024, US30 showed this divergence: prices reached a higher high, but the RSI formed a lower high, suggesting a loss of buying strength and potential price declines. Additionally, the daily chart shows a lower high in US30 price and a higher low in the RSI, reinforcing the notion of weakening upward momentum. Is a Bear Market or Another "Black Thursday" Looming? The current divergence in US30, along with historical comparisons, signals warning signs. However, it remains uncertain whether this will lead to a bear market (a sustained decline of 20% or more) or a major market crash. Several factors could influence the outcome: - Macroeconomic Conditions: High inflation, rising interest rates, and geopolitical tensions may exacerbate the divergence. - Investor Sentiment: Panic among investors could lead to increased selling and sharper declines. - External Shocks: Global events like financial instability or political turmoil could further destabilize the market. Conclusion and Daily Chart Analysis The RSI divergence in US30 from July to September 2024 is a significant development that warrants attention. The daily chart reveals weakening momentum, with a lower high in price and a higher low in the RSI, indicating a higher risk of market correction or downturn. While it is uncertain whether this will lead to a bear market or crash, traders and investors should stay alert and consider adjusting their portfolios. This is not financial advice. Always conduct your own research and consult with a financial advisor before making investment decisions.
BLACKBULL:US30
by Dr-AJE
1
US30 View!!* The Dow Jones Industrial Average ended at 42,313.00 on Friday, compared with 42,063.36 a week ago. The Nasdaq Composite closed at 18,119.59 versus 17,948.32 a week prior, and the S&P 500 finished at 5,738.17 compared with 5,702.55 a week earlier. Basic materials, the home to industries such as aluminum, building materials, and copper, topped the US sector charts. * In Beijing on Thursday, the nation's Politburo vowed the "necessary fiscal spending" required to reach its annual 5% gross domestic product growth target and to support property markets after recent monetary easing moves by the People's Bank of China.
FX:US30Long
by FXBANkthe8055
Us30 updateI never doubt my analysis even a single day I know the power behind my work,n I also know that alot of people's in this site don't believe cz they love to much explanation behind every analysis or thoughts,in my analysis there is no to much explanation but there is success behind my analysis, is very rare for me to follow the wrong trend,the reason is bcz when I analyze I start from bigger time frame to lower once n real trend I find it in bigger time frames,soo all temporary moves that is happening in smaller time frame like M30,H1 n,H4 doesn't change the trend but it always not match daily n weekly soo,all pull backs that is happening in smaller time frames I use them to generate liquidity into position cz I already knows we're the market is trending in bigger time frames,don't goo against the trend,until you see a real change of directions ,don't fall for short moves n allows it to draw weird graphs 📊 of overthinking trying to goo against trend 📖
PEPPERSTONE:US30Long
by mulaudzimpho
DOW JONES may be entering a wide 4 month consolidation phaseDow Jones / US30 reached the top of the historic Channel Up that started 2 years ago on October 3rd. Technically that calls for a strong short. Last time that happened in April 1st, the index turned sideways on a wide consolidation. The other 2 Higher High rejections caused Channel Down corrections. Technically the time to rebound again will be closer to the 1week MA50 but that can be in December. Until then, buy low and sell high within 42250 and 43350. Follow us, like the idea and leave a comment below!!
CAPITALCOM:US30
by TheCryptagon
Dow Jones Industrial Average Index War CorrectionThe Dow Jones will not crash as hard as the NDX, I don't know why because I don't know the dynamics driving this index but the correction will be smaller compared to what is coming to the Nasdaq 100 Index. ➖ There is a rising wedge pattern and this pattern is bearish. ➖ There is a super strong bearish divergence with the RSI, it started in December 2023. ➖ There is also a very strong bearish divergence with the MACD, both short-term and long-term. We will say it is because of the war. "The market is going down because of the war." But the market moves in cycles and it goes down after going up and it has been going up for long, so time to reverse. P.S. It will recover after the crash. Namaste.
TVC:DJIShort
by AlanSantana
US30 POTENTIAL SELLTrade Idea: Sell on US30 30MIN CHART Trade Setup: - Instrument: US30 (Dow Jones Industrial Average) - Trade Type: Sell - Entry Point: Sell when price crosses the 42320 level - Rationale: Anticipating a retracement after a bullish overnight movement. The bullish imbalances below support the idea of a temporary pullback. Take Profit Levels: 1. TP1: 42294 2. TP2: 42264 3. EXTENDED TP3: 42234 Stop Loss: 65 pips above entry point Analysis: - Market Context: Recent bullish movement suggests a potential for profit-taking or a short-term reversal. - Technical Levels: Monitor key support and resistance levels for additional confirmation. - Risk Management: Ensure position sizing is appropriate based on your risk tolerance. Execution Plan: - Wait for a confirmed break below the 42320 level before executing the sell order. - Adjust stop loss as needed based on market movement and volatility. Monitoring: - Keep an eye on price action around the take profit levels for possible exit adjustments. This trade setup is designed to capitalize on expected short-term price action while managing risk effectively. This is not investment advice.
FOREXCOM:US30Short
by BluezFxTraders
41,600 Resistance in Focus: Will Bulls Push Through or Pullback?If the price successfully breaks through the 41,600 resistance level , it could signal further upward momentum, potentially leading to a continuation of the bullish trend. This breakout may attract additional buyers, pushing the price higher as market sentiment turns more positive. However, if the price fails to break through the 41,600 resistance, a pullback is likely. In that case, the price may retrace towards the 41,000 support level , where buying interest could emerge again. From there, the price may attempt another move towards the 41,600 resistance level, testing it once more. This level will be key in determining whether the market can sustain a bullish breakout or if it will remain range-bound between these levels.
BLACKBULL:US30
by FXTradingAnalysis
7
Sorry crypto cry babies, I'm right Traders think that scrolling through Twitter and reading the news is enough to get ahead in the world of trading.... There are so many nuances and dynamics that most people haven't yet to even think about. Trading is serious business. The complexity of trading is stacked. A lot of immature crypto fanboys (I suppose because crypto itself is still in its infant stages) don't see the value of what real markets offer! Having a group of stallions Fire Off at around the same time each day each day is what real traders look for. Daily gains and markets that deliver *day after day* is what creates a full-time day trader! Not that whole 'Hold and Hope' culture that bitcoin and its subsidiaries, yes all 13,000 of them, hype up on. No I don't care what the Bitcoin price is this time next year, I care about my daily and weekly gainz baby!
CAPITALCOM:US30Long
by Blayno_MTOPS
36
DJI, Elliott wave analysisOutlook for DJI on the 4h chart. There have been no changes since the last update. It looks like the waves of the lower degree are forming an Expanding Diagonal pattern. If this scenario is correct, we are probably in sub-wave c of wave 5, and the final wave 5 within sub-wave c has started. At the same time the final wave 5 completes, the upper-degree wave (b) will complete. The next phase is the upper-degree wave (c). It will probably crash. Last time, my idea: Sep 15, 2024. Short-term analysis. Sep 2, 2024. Middle-term analysis.
TVC:DJIShort
by EWA-tokyo