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Futures Dip as Markets Eye Jobs Data and Middle East TensionsUS30 Futures edge lower ahead of jobs data; investors cautious amid Middle East tensions. U.S. stock index futures declined on Thursday as investors awaited labor market data for insights into the economic outlook and the potential for further interest rate cuts by the Federal Reserve, while remaining alert to any escalation in Middle East conflicts. Technical Outlook: The price is expected to approach the resistance level at 42,300 before beginning a downward move toward 42,080. A sustained break below 42,080 will signal a bearish trend, targeting 41,770. However, stability above 42,300 could push the price toward 42,450 and higher. Key Levels: Pivot Point: 42180 Resistance Levels: 42290, 42450, 42700 Support Levels: 42080, 41960, 41770 Trend Outlook: Bearish by breaking 42080 Bullish by breaking 42300 PREVIOUS IDEA:
OANDA:US30USDShort
by SroshMayi
End of Week Analyses for NFP data 🚨 October 4th 🚨 Welcome Traders, In a few hours we have the release of the most highly anticipated economic data being released. This is none other than Non-Farm Payroll (NFP) which summarizes the stats of all the the non-agricultural jobs in the USA. This labor market data is important to what the US Fed Reserve pays attention to in order to gage interest rate cuts. As a result investors and major institutional banks (which are the major market movers) tend to react heavily to the data in anticipation to that of the Fed Reserve. If the data comes out higher than expected this indicates an increase in non-agricultural jobs in the USA and thus a strong economy. But unfortunately a strong economy is not what the Fed Reserve needs to see in order to further cut rates and so investors and institutional banks will react negatively to the data resulting in a bearish reaction in equities. Conversely, if the data comes out lower than expected, signalling a weaker economy from lesser jobs, this will cause a bullish reaction in US equities. Given where we are in market structure, there is no telling that price wants to continue its downtrend. A Daily HL was signalled at 41,885.6. Using my fibs this HL point broke through the 23.6% sitting in the middle between that and the 38.2% volatility level. Historically, price has always respected one of the key fib levels and so this tells me that although we got a mid point rejection from support, price will resume its downtrend to respect the next fib level of interest which is the 38.2% at 41,672.1. However not without a short term push to the upside. Given the rejection on the Daily HL candle, we can expect todays daily candle to first have a bullish momentum completing the rejection from support before resuming its downtrend. My reasoning for this is because on the higher TF price has been trading in a consolidation range for roughly 2 weeks now and on Thursday we finally got a breakout to the downside retesting last week's lows. This breakout can be seen as a liquidity grab taking out any buyers who were trying to buy from the support. The fact that price broke out but closed within the consolidation range is a perfect example of liquidity grab. Following the initial breakout at NYSE open on Thursday, price came back down 4hours later to retest those lows before resuming bullish back into range. Price has not managed to go back there since which tells me there's some buying pressure. As I have indicated by the three consecutive red arrows, price has tapped into the grey highlighted support zone three times. If price remains above this support at 41,918.7 the buys will remain valid. But for this to happen, NFP data needs to come out lower than expected to spark a volatile bullish reaction before coming back down for the rest of NY session. If this is the case, my TPs of interest are at 42,152.9 at the 61.8% fib level and 42,252.6 at the 78.6% fib level. After which I will look for sells back down to 41,885.6 at the previous Daily HL.
OANDA:US30USD
by jhannellefrancis
DOW JONES: Small pullback will offer a buy opportunity.Dow Jones is about to turn neutral on the 1D technical outlook (RSI = 57.040, MACD = 399.580, ADX = 38.469) as it crossed below its 4H MA50, withi the 4H RSI already on a bearish divergence, pointing to a short term correction. We expect that to be on or a little under the 4H MA200 and then rebound (over the 0.5 Fibonacci level) like the September 11th low. Like then, we are targeting the 1.236 Fibonacci extension (TP = 43,200). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US30
by InvestingScope
Dow Jones: Potential Retracement After ConsolidatThe Dow Jones Industrial Average (US30) is showing signs of exhaustion after several days of consolidation between the 41,800 and 42,300 price levels. We are now observing a potential bearish setup that may lead to a retracement towards the 41,400–41,000 zone, aligning with the 0.5 Fibonacci level on the FibCloud indicator. If this scenario plays out, it could offer a solid short opportunity for traders looking to capitalize on this potential pullback. Monitoring key levels and price action will be crucial in managing this trade. Technical Analysis: • Price Action: The Dow has been trading within a narrow range, indicating indecision and a potential loss of bullish momentum. A break below the consolidation zone could trigger a downward move towards the 0.5 FibCloud level. • FibCloud Indicator: The target zone between 41,400 and 41,000 aligns with the 0.5 Fibonacci retracement level, providing a strong confluence for a possible retracement. • Support & Resistance Levels: The immediate support is at 41,800, and a break below this level could see the index testing the 41,400–41,000 zone. Resistance remains at 42,300, a break above which could invalidate the bearish setup. • Volume & Momentum: Decreasing volume and fading bullish momentum suggest a potential reversal. Traders should watch for confirmation signals such as bearish candlestick patterns or a momentum shift. Trade Setup: • Entry: Consider entering a short position below the 42,260 support level with a strong bearish confirmation. • The stop-loss is set at a 2:1 risk-reward ratio, with an SL at 42,695 and a TP at 41,400. If strong momentum develops, the target will be extended to the 41,000 price zone. The Dow Jones is at a critical juncture, and the upcoming price action will provide more clarity on the next directional move. This setup offers a favorable risk-to-reward ratio for traders looking to position themselves for a potential retracement. Stay updated on economic releases and price action developments to manage this trade effectively. Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
CAPITALCOM:US30Short
by AR33_
3
US30 Is Very Bearish! Sell! Here is our detailed technical review for US30. Time Frame: 4h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 42,103.5. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 41,765.3 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!
OANDA:US30USDShort
by SignalProvider
1
US30 Pull back shortPrice action has been respecting a key 4-hour trendline. The market recently bounced off this trendline for the third time, reinforcing the significance of this support level. Notably, the price broke through a previous resistance level, but we’ve now seen a Change of Character, signalling a potential bearish shift in momentum. Given this bearish structure, I anticipate a pullback to retest the recently broken resistance, which should now act as support. This aligns with a potential retracement to the 50% Fibonacci level and a retest of the bottom trendline, both of which present strong confluence zones for a bullish continuation. For now, the focus is on entering a short-term sell position to capitalize on this expected pullback. In the lower time frames, we’re looking for confirmation to sell the pullback, ideally to a point where price shows signs of rejection at the 50% Fibonacci level or begins to align with the trendline once again.
BLACKBULL:US30Short
by Juniorndini
1
DreamAnalysis | US30 On the Edge Don’t Miss These Key Levels!✨ Today’s Focus: A Critical Asset in the Market – US30 (Dow Jones) We’re diving into its recent price action and breaking down what might come next, based on key market levels. 📊 Current Market Overview: After a strong expansion upward, marking the Previous Month High (PMH), US30 is now gradually retracing lower. The price has formed Equal Highs (EQH) on the buy side and sits near the Previous Week Low (PWL) on the sell side. Let’s explore how these levels shape both bullish and bearish scenarios. 🕓 Key Levels to Watch: Here are the crucial zones we’re monitoring: - PMH: Previous Month High - PML: Previous Month Low - PWH: Previous Week High - PWL: Previous Week Low - BSL: Buy-Side Liquidity - SSL: Sell-Side Liquidity - Daily FVG: Daily Fair Value Gap (imbalance zone) These levels represent key areas where price might accumulate liquidity or retrace for order collection. Fair Value Gaps (FVGs) are potential zones for the market to rebalance before continuing its trend. 📈 Bullish Scenario: To confirm a bullish bias and seek long positions, we need to see Sell-Side Liquidity cleared. The nearest target is the Previous Week Low (PWL), a critical SSL level. Once price dips below it, we can look for entries on lower timeframes (LTF) and target the Buy-Side Liquidity (BSL). 📉 Bearish Scenario: For a bearish play, we’re watching the Equal Highs (EQH) on the buy side. If the price takes these out, we’ll look for lower-timeframe entry models and aim to target Sell-Side Liquidity (SSL). 📝 Conclusion: As always, adaptability is key. Keep an eye on these critical levels to refine your strategy and identify potential opportunities. 🔮 Looking Ahead: Stay tuned for updates as we track NASDAQ, DXY, EUR/USD, and other major currency pairs. Expect timely insights as market trends develop. ⚠️ Disclaimer: This is for educational purposes only and not financial advice. Always conduct your own research and consult a licensed financial advisor before making investment decisions.
CAPITALCOM:US30
by DreamAnalysis