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Dow Jones Industrial Average Index

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US30 Alert!
A Double Inside Day showed up on the Hourly. That means that a BIG move is coming, either during this session or in the After Hours. It can be either to the upside or the downside.
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US30 Just a reminder, all the higher timeframes are in Bearish (directional) Market Bias. That's the Daily, 4-Hour, and Hourly.

Market Bias is "King." Countertrend trading against the market bias is not as profitable in comparison, and you add to your risk by about 50%.


US30 *Trading Tip:
On the Hourly chart, you can see four candles numbered. Each number is above an arrow to represent a Pivot.

The dark arrows are Major Pivot Highs to mean a strong Resistance Area with a reversal to the downside. The pink arrows are Minor Pivot Highs to give momentum and market direction, plus they are weak Resistance Areas that can be broken easily.

Overall, these 4 Pivot Highs are showing that the market is headed down. You'll also notice that each candle numbered, from 2 - 4 are those that can't close past the previous Pivot High. If one of them did, it would change the market structure.
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US30 just wait for bond 10 year action announcment and you will see a beautiful move

US30 price is retesting (bouncing) off a cross trend line from the previous movement when it was selling, as well as doing a "3rd touch" on it's bottom bullish trend line, but I think it should start to head up, let's wait for confirmation before we commit...

US30 On the Hourly, the bulls are rising. We'll see if they breach the Swing High of 44,303. If they do, the market bias would flip from bearish to bullish for a continuation of the bullish trend towards 44,425 (or around there). But if the bulls resist the Swing High of 44,303, then back down again.

The current bullish candle still forming may have trouble even crossing above the S&R Zone that begins at 44,253. If they can't, we'll likely see wide consolidation between the S&R Zones until a breakout from one of the Zones.
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