US30 trade ideas
scalling babyWhat are the stages? What are the stages to escape from slavery? Now you know it...
~ AS Malone
US30 indicating a bullish move. Look for the Bulls TodayUS30 has finally broken the downward trend above the 43500 support line. The US30 gave us an evening star pattern off of the trend line and support area at 43500. This was an indication to go Long.
If you are in a short, you will likely have to wait for a pull back to get out of your trade or you can close in a small loss.
If you are in a long. Hold it. This may be US30 returning back to 44500 at least.
Good Luck to you traders.
Comment below for questions and don't forget to boost this if you like the analysis.
US30US30 buy signal triggered on 5mins mss on the previous idea on buy entry,
Strategy: 4H Liquidity grab, mss, bos, retracement to an order block coupled with an imbalance.
US30 Will Go Lower! Sell!
Here is our detailed technical review for US30.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 43,616.98.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 43,408.72 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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US30 at Support Pre-FOMCUS30 (4H) Dow Jones Industrial at support. October high backed by the October high week close. Bulls need to hold this levels to remain constructive on this stretch.
Dow Jones rebound Dow Jones is probably bottom as my indicator on the 1hr timeframe show that. This movement compare to nasdaq is bullish. a shift of liquidity from nasdaq to Dow ahead of FOMC today?
Expecting windfall returns after another 2% down on DJI
As I analyze the charts of DJI and S&P300, a compelling narrative emerges. To establish a higher low, DJI needs to revisit its support level, approximately 2% lower from current levels, before the end of this month.
To gain more confidence in the overall market structure, I constructed an S&P300 index by selecting the top 300 volatile stocks from the S&P500, excluding the top 10 largest market capitalization stocks to minimize data skew.
The chart below displays two sets of candles: DJI (divided by 400 for scaling purposes) at the bottom and S&P300 at the top. Observing the S&P300 chart on a monthly timeframe reveals a notable pattern – most candles bottom out approximately 2% above their previous month's low.
Currently, the S&P300 price is still 4% above its previous month's low, indicating another 2% downturn is likely. Given the strong correlation between DJI and S&P300, it's reasonable to assume DJI will follow a similar path.
With this insight, traders can confidently prepare for potential trading opportunities, leveraging the anticipated 2% drop to their advantage.
# Key Takeaways:
- DJI needs to revisit its support level, approximately 2% lower from current levels, before the end of this month.
- S&P300 is likely to experience another 2% downturn based on its monthly chart pattern.
- Strong correlation between DJI and S&P300 suggests a similar price movement.
# Trading Strategy:
- Prepare to take trades at the anticipated support level, leveraging the expected 2% drop.
- Monitor the S&P300 chart for confirmation of the 2% downturn.
- Adjust trading strategies accordingly to optimize returns while minimizing risk.
Happy trading!!!
Checkout my other free indicator sangana beta table to see beta of stocks in a table all at once(works for S&P500 and Nifty 500).
Note: I am not a financial advisor. Do your own research before investing!!
DOW Jones Industrial to bounce $44K targetMy trading plan is very simple.
I buy or sell at top & bottom of parallel channels.
I confirm when price hits Fibonacci levels.
So...
Here's why I'm picking this symbol to do the thing.
Price at bottom of channels (period 100 52 39 & 26)
Stochastic Momentum Index (SMI) at oversold level
VBSM is negative
Price bounced off 0.5 Fibonacci level
In at $43500
Target is $4400 or channel top
Stop loss is $43400
US30 Intra-Week Analysis DEC 17th 2024US30 continued to make its way down to the 43400 Key Level after retracing from the new All-Time-High and supporting the FUD from an increase in interested rates. From this price point we can expect a decrease in volume resulting in consolidation as we approach Christmas and the new year. If we see a break above 43800 that will help support potential buys back to ATHs otherwise look out for a break below 43250 meaning selling momentum is still there.
Dow Jones (US 30) Pullback to Channel SupportChart Analysis:
The Dow Jones Industrial Average remains firmly within an ascending channel (green zone), with the current price nearing key channel support after a pullback.
1️⃣ Ascending Channel:
The price continues to respect the upward-sloping channel, which has been intact since mid-August. The lower boundary, near 43,450, is a critical support level to monitor.
2️⃣ Moving Averages:
50-day SMA (blue): The price is testing this level at 43,514, which aligns with the channel support, acting as confluence.
200-day SMA (red): Positioned at 40,705, reinforcing the broader bullish trend and serving as a long-term support zone.
3️⃣ Momentum Indicators:
RSI: Currently at 39.77, approaching oversold territory. A bounce from this level could signal renewed buying interest.
MACD: Bearish momentum persists, with the MACD line trending downward. However, traders may watch for signs of a crossover near support.
What to Watch:
A successful defense of the ascending channel support and 50-day SMA could provide a foundation for a rebound toward the channel's upper boundary.
If the support fails, the next significant area of interest would be the 42,000 level or the 200-day SMA near 40,705.
RSI movement and MACD signals will be key for confirming shifts in momentum.
The Dow remains within its bullish channel, but traders will be closely watching how price reacts to this critical support zone.
-MW
US30 Completed a Stop Loss Hunt twice overnight to fall againUS30 completed two market sweeps to gain liquidity which is a good indication that price is most likely closer to its reversal point.
Market makers swept stop losses and buy stop orders at 43700 and 43800 last night only to push price lower. As I mentioned over the last week. Price is likely to go all the way to 43300 at which it will likely begin to reverse.
Before it reverses, expect there to be a time of consolidation. Wait for the breakout and retest before deciding to take along trade.
While in consolidation look for the range low and range high to set your intraday trades for smaller profits.
The Mystery Of The Dow Index..Here is an interesting trend trade swing opportunity. I already have my index quota filled although as US index long is not the worst of ideas. The trend trade in question is the Dow Jones (US30) which is technically setting up and awaiting a daily buy signal/bar.
Here is the interesting aspect. Why on earth is the DJI dropping for over a week back to averages while the SPY/SPX remains near ATHs? This divergence is creating the DJI trend trade but the fundamentals behind it need to be understood.
Both indices should be behaving similarly as they have for quite a while now but the recent divergence has to be due to a combination of risk factors which are just now aligning that way. Sector composition is different, right? S&P is heavy tech and growth while DJI is traditional large caps. But they should react the same way to the sentiment environment and FED cut expectations so what gives?
Maybe it is just tech. Tech is booming again with AI so it stands to reason that the S&P would hold an edge. Still, the environment is the same for traditional stocks and even if there should be a difference in gains, there surely shouldn't be a 100% divergence?
Maybe it is investor sentiment? Markets are all in on AI while traditional stocks are seeing pre holiday profit taking? Could be. Is the December H2 Santa rally around the corner and the DJI dip buy is in play? That's a lot of speculation for such a divergence.
Then we come to macro and this is where I think things begin to look different. Inflation has been coming in hot. But so has some other macro, macro that favours growth - and the FED cuts do to - so the S&P strength is probably warranted. The DJI is not so much about growth and probably more sensitive to inflationary pressures. I think that the inflation prints coming in hot may have been brushed off by the S&P and broader market, including the FED... but not by interest rate sensitive sectors of the DJI.
US30 SWING TRADE IDEA, FOR 16TH, DEC 2024.The Dow Jones Industrial (US30) is technically on an overall uptrend but currently recovering from a short-term downtrend retracement, with possible chances for an entry if an opportunity presents itself.
NB: All ideas are personal and probable Analysis for educational purposes, no accountability will be held if any loss is incurred. trade carefully and responsibly because the markets are risky walk wisely.
US30Market still in the bearish trend, if any reversal pattern occur at the support zone will go long with the main direction..
Follow for more analysis!!!!!
Thank you!!!!!
US30/DOW - LONG OPPORTUNITYTeam, the DOW is about to breakout, good entry
PREPARE TO ENTER LONG US30/DOW at 43610-15
STOP LOSS AT 45555
TARGET 1 AT 43667-75 - take partial and bring stop loss to BE
TARGET 2 AT 43736-52
TARGET 3 AT 43825
US30 /Bearish Momentum and Key Levels Ahead of FED Rate DecisionTechnical Analysis
The price has dropped about 700 points, as we mentioned previously, and remains under bearish momentum after breaking the bearish correction and trading below 43760.
As long as the price trades below 43760 and 43900, it is likely to drop further to touch 43350. However, it is also possible for the price to retest 43760 before continuing to drop.
On the other hand, the FED Rate Decision tomorrow will impact the indices. A rate decrease of 25 bps is expected, which could influence the bullish momentum depending on the market's reaction to the rate change.
Key Levels:
Pivot Point: 43580
Resistance Levels: 43765, 43900, 44070
Support Levels: 43350, 43210, 42900
Trend Outlook:
Bearish Momentum
Previous idea:
4-hr US30: Can We See a 2000 points Christmas Rally Following the US elections, the Dow Jones surged by an impressive 3300 points in a massive bull rally, generating significant returns. However, a correction is underway as early buyers begin to take profits. We anticipate the US30 could dip another 250 points to retest the critical 50% Fibonacci level. This expectation is supported by the emergence of a Death Cross, a classic bearish signal, indicating strong downward momentum.
If the 43,300 zone holds as support, there’s potential for a 2000-point Christmas rally. Buyers looking to capitalize on the broader uptrend might need to exercise patience, waiting for lower entry points to achieve a more favorable risk-to-reward ratio. This pullback could present an opportunity for strategic positioning in anticipation of the next rally.
US30After a long downward and stepwise movement, I am now waiting for a stronger movement to return the price to higher levels
Bullish momentum to extend?Dow Jones (US30) is falling towards the pivot which acts as an overlap support and could bounce to the 1st resistance.
Pivot: 43,318.65
1st Support: 42,643.34
1st Resistance: 44,526.39
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Bullish Potential for DJIA Towards 45,700 Amid Support BreakdownKey Observations
Fibonacci Extension:
• Fibonacci Extension is used to calculate potential price targets after a pullback.
• Fibonacci Extension Levels:
o 0%: 43,507.08 (beginning of the rise).
o 100%: 45,762.55 (full price target).
o The 45,762.55 level, as the 100% Fibonacci Extension target, serves as a potential take profit area if the price successfully rebounds from support and breaks through previous resistance.
Support and Resistance:
Main Support:
• 43,507.08: Key support near the trendline.
• 43,329.65: First horizontal support level.
• 42,738.60: Second support if breakdown occurs.
• 41,697.23: Last support that maintains the long-term bullish trend.
Main Resistance:
• 44,040.00: Initial resistance area.
• 44,369.69: Second resistance level.
• 44,902.61: Strong resistance (Fibonacci Extension 61.8%).
• 45,762.55: Fibonacci Extension 100% as the main target.
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Potential Scenarios
Bullish Scenario:
• If the price rebounds from the support area between 43,507.08 and 43,329.65, there is potential for a move towards 44,369.69 and 44,902.61.
• A breakout above 44,902.61 will push the price towards 45,762.55 (100% Fibonacci Extension target).
Bearish Scenario:
• If the price falls below 43,329.65, the next critical support areas will be 42,738.60 and 41,697.23.
SMA 50:
• The 50-period Simple Moving Average (SMA) at 43,509.70 still serves as dynamic support near the current price.
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Conclusion
• The 100% Fibonacci Extension at 45,762.55 is the main bullish target if the price can rebound from support at 43,507.08 and break through the resistance at 44,902.61.
• The support area between 43,507.08 and 43,329.65 remains a crucial level to maintain the bullish momentum.
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Bullish Strategy
Entry:
• Buy in the support area between 43,507.08 and 43,329.65.
Target:
• Target 1: 44,369.69
• Target 2: 44,902.61
• Target 3: 45,700 (Fibonacci 100%).
Stop Loss:
• Below 42,738.60 to limit risk.
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Bearish Strategy (If Breakdown Support)
Trigger Entry:
• If the price drops below 43,329.65 (horizontal support) and fails to rebound.
Target Profit:
• Target 1: 42,738.60 (next support).
• Target 2: 41,697.23 (strong last support).
Stop Loss:
• Place the stop loss above 43,507.08, the former support now turned resistance after the breakdown.
• This ensures that risk is controlled if the breakdown fails and the price reverses.
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Important Notes
• Risk-Reward Ratio: Ensure a minimum risk-reward ratio of 1:2 to maintain a profitable long-term strategy.
• Confirmation: Look for a bearish candlestick pattern or high volume during the breakdown to validate the signal.
