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CPI Report to Drive Market Volatility with Bullish PotentialU.S. Futures Poised for Volatility as CPI Report Looms, Focus on Bullish Trend U.S. futures remain stable as markets await the much-anticipated CPI report, with the outcome expected to have a significant impact on market movements. Current projections suggest the CPI will come in around 2.5%, indicating a weakening USD, which could drive indices into a strong bullish trend. However, if the CPI exceeds 2.7% or 2.8%, market movements could become unpredictable, with a potential downward shift. The price has retested its support level, as previously noted. For today, volatility is expected, with a greater focus on an uptrend, assuming the CPI result aligns with the 2.5% forecast. Stability above 40,470 will likely support a rise towards 40,790 and 41,030, with further potential depending on the CPI data. In the bearish scenario, if the CPI exceeds 2.8%, a downtrend toward the levels identified in the chart could materialize. Key Levels: Pivot Point: 40650 Resistance Levels: 40790, 41030, 41180 Support Levels: 40320, 40010, 39900 Expected Trading Range: 40320 - 41030 Trend: Bullish while above 40470.
OANDA:US30USDLong
by SroshMayi
Change of Character on US30 - Bearish Opportunity Insighthe previous trend on US30 was notably bullish. However, we've identified a significant shift in market sentiment, as a strong red candle closed below the prior support level, signaling a potential change of character in the market. We will now await a retracement back to the optimum zone within the Fair Value Gap (FVG) on the daily timeframe. Upon confirmation of this retest, a short position may present itself as a viable opportunity in alignment with the new bearish outlook. This setup highlights the importance of patience in awaiting confirmations for high-probability trades.
PEPPERSTONE:US30Short
by Lordemerson
DOW JONES Nothing has changed. Bull trend intact and eyes 48000.Dow Jones (DJI) is having yet again short-term volatility following the August 30 All Time High (ATH), but as we explained last week this is natural, since the medium-term Channel Up hit its top and was looking for the 1D MA50 for buyers and a Higher Low potentially a little lower. On the longer term though, the trend is intact and is heavily bullish. The 1W MA50 (blue trend-line) is holding and as long as it supports, there is no evidence showing a correction. In fact, this is the exact same pattern that the index has been following since the 2009 bottom of the U.S. Housing Crisis. As you can see on this 1W chart, the market first bottoms on the 1W MA200 (orange trend-line) and starts a recovery phase by breaking above the 1W MA50. After a lengthy consolidation on it with a few tests (to confirm it as Support), it enters a structured Channel Up until the Cycle's peak. The first two Cycles rose by exactly +75% from their bottom to top, while the COVID one peaked at +70%. As a result, assuming a minimum +70% rise for this Cycle also, we can target at least 48000. It appears that the index is currently past half-way through the Cycle, already within the standard Channel Up. In addition, you can observe the similarities between the Cycles on the 1W RSI fractals as well, which tend to 'cool down' once this Channel Up starts forming. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:DJILong
by TradingShot
US30 Equity Investors Eye Inflation Data as Dow Jones Tests Key US Equity Investors to Focus on Inflation Tomorrow to Guage Depth of Potential Fed Rate Cuts US equity investors will focus on the consumer and wholesale price inflation data this week to assess the extent of forthcoming interest-rate cuts in September. The Dow Jones is attempting to correct down to 40,670 before potentially pushing upward again towards 41,030. If it breaks below 40,670, it could continue toward the trend line at around 40,470. However, if the price stabilizes above 40,670, the uptrend towards 41,030 is likely to resume. The bearish zone will be confirmed with a break below 40,470. Key Levels: Pivot Point: 40760 Resistance Levels: 41030, 41180, 41340 Support Levels: 40670, 40470, 40320 Expected Trading Range: 41180 - 40670 Trend: Bullish while above 40670.
OANDA:US30USDLong
by SroshMayi
US30: First green dayHi everyone and welcome to my channel, please don’t forget to support all my work subscribing and liking my post, and for any question leave me a comment, I will be more than happy to help you! “Trade setups, not movements” 1. DAY OF THE WEEK (Failed Breakout, False Break, Range Expansion) Monday DAY 1 Opening Range Tuesday DAY 2 Initial Balance ✅ Wednesday DAY 3 (reset DAY 1) Mid Point Week Thursday DAY 2 Friday DAY 3 Closing Range 2. SIGNAL DAY First Red Day First Green Day ✅ 3 Days Long Breakout 3 Days Short Breakout Inside Day 3. WEEKLY TEMPLATE Pump&Dump Dump&Pump ✅ Frontside ✅ Backside 4. THESIS: Long: primary, the previous week was mostly a bearish market, Friday failed breakout and the higher high of yesterday can drive in a potential dump and pump scenario, if setup correctly. After the HH, the market dump and currently consolidating below the closing price. Watching for buy low if it holds till NYO 9:30am Short: secondary, yesterday was however a pumping day, I cannot exclude the scenario where the retest of the current HOW failed and reverse. I don't see this market dropping down back to the LOW, at least not in the configuration of today template. Please note that the purpose of my analysis is to help me and you hunting the best trade setup for the day, none of my technical aspects are a way to forecast any directional market movement. Gianni
PEPPERSTONE:US30Long
by GianniPichichero
4
BULLS CALLINGThe 4-hour chart for the US30 (Dow Jones Industrial Average) shows a recent uptrend, with prices moving within a day’s range of 40,518 to 41,000, and hitting a high around 41,000. Currently, the index is showing mixed signals. Some technical indicators suggest overbought conditions, with the Stochastic Oscillator (STOCH) and Williams %R signaling overbought status. However, other indicators like the RSI are neutral, sitting around 53.23, which indicates no strong momentum either way. On the moving averages side, short-term signals like the 10-day and 20-day moving averages are in a “buy” zone, supporting upward momentum. We will see this continue going up
CAPITALCOM:US30Long
by ForxTay
US30 | Trade ideaKey Points: Tesla: Shares fell 1.6% after a report that the company plans to produce a six-seat Model Y in China by late 2025. Boeing: Dropped 7.3% following a downgrade from Wells Fargo to "underweight" from "equal weight." Nvidia: Slumped nearly 10%, wiping out a record $279 billion in market value, marking the largest single-day decline for a U.S. company. U.S. Manufacturing: Edged up in August from an eight-month low but remained subdued, according to ISM data. Market Performance: S&P 500 fell 2.1% Nasdaq dropped 3.3% Dow declined 1.5% This marks the biggest daily percentage decline for these indexes since early August. Nine out of 11 S&P 500 sectors fell, with technology, energy, communication services, and materials leading the decline. Market Sentiment: Weakened amid concerns about the Federal Reserve’s interest rate decisions, with September being historically one of the worst months for stock market performance. Volatility: The CBOE Volatility Index (VIX) jumped 33.2% to 20.72, the highest close since early August. Trading Volume: Totaled 12.14 billion shares across U.S. exchanges, above the 20-day moving average of nearly 11 billion. Labor Market: Traders are awaiting labor market reports ahead of the August non-farm payrolls data. Fed Meeting: Scheduled for Sept. 17-18, with a 63% chance of a 25-basis point rate cut and a 37% chance of a 50-basis point cut, according to the CME FedWatch Tool. Market Breadth: On the NYSE, declining issues outnumbered advancers by 2.52-to-1, while on the Nasdaq, decliners outnumbered advancers by 3.5-to-1.
PEPPERSTONE:US30Short
by DynamicCapital-FX