US30: Dow Jones Extends Monthly Losses Over 9%, Worst April in 93 Years
The Dow Jones Industrial Average (DJI) is on track for its worst April since 1932, with losses exceeding 9% this month. Investor sentiment remains fragile after President Trump’s attacks on Fed Chair Powell, raising concerns about the U.S. economic outlook and the central bank's mandate.
Technical Outlook:
The Dow remains in a bearish zone, having stabilized below 39130. With earnings results weighing on sentiment, the index is likely to test 38770 next.
As long as the price trades below 38770, the bearish trend remains active, targeting 37850 and 37420.
However, a 1H candle close above 38770 could trigger a rebound toward 39130. For the Dow to shift into a bullish area, the price needs to stabilize above 39130, opening the path toward 39610 and higher levels.
Pivot: 38770
Support: 37850 / 37420 / 37110
Resistance: 39130 / 39610 / 40230
The Dow Jones Industrial Average (DJI) is on track for its worst April since 1932, with losses exceeding 9% this month. Investor sentiment remains fragile after President Trump’s attacks on Fed Chair Powell, raising concerns about the U.S. economic outlook and the central bank's mandate.
Technical Outlook:
The Dow remains in a bearish zone, having stabilized below 39130. With earnings results weighing on sentiment, the index is likely to test 38770 next.
As long as the price trades below 38770, the bearish trend remains active, targeting 37850 and 37420.
However, a 1H candle close above 38770 could trigger a rebound toward 39130. For the Dow to shift into a bullish area, the price needs to stabilize above 39130, opening the path toward 39610 and higher levels.
Pivot: 38770
Support: 37850 / 37420 / 37110
Resistance: 39130 / 39610 / 40230
~6 analyses per day. With a clear Entry, Target, and stop-out Point
more than 2000 pip per week → Accuracy +90%
~4 signals per day More than 1000 pip Per Wekk → Accuracy +88%
SM News ⚡️:
t.me/SM_News_24h
sroshmayi.com
more than 2000 pip per week → Accuracy +90%
~4 signals per day More than 1000 pip Per Wekk → Accuracy +88%
SM News ⚡️:
t.me/SM_News_24h
sroshmayi.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
~6 analyses per day. With a clear Entry, Target, and stop-out Point
more than 2000 pip per week → Accuracy +90%
~4 signals per day More than 1000 pip Per Wekk → Accuracy +88%
SM News ⚡️:
t.me/SM_News_24h
sroshmayi.com
more than 2000 pip per week → Accuracy +90%
~4 signals per day More than 1000 pip Per Wekk → Accuracy +88%
SM News ⚡️:
t.me/SM_News_24h
sroshmayi.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.