📌 Dow Jones at Critical Support – Will Bulls Step In?
🔸 The US30 has been in a downtrend, with price testing a major demand zone at 42,250 - 42,500.
🔸 Key market drivers:
✅ Bond yields rising, pressuring equities.
✅ Fears of delayed rate cuts impacting investor sentiment.
✅ NFP report & Powell’s testimony creating uncertainty.
💡 Upcoming Catalysts
🔹 Stronger-than-expected NFP data → Could delay rate cuts → Bearish for US30.
🔹 Weaker jobs data → Could increase rate cut bets → Bullish for US30.
🔍 Technical Analysis (1H Timeframe)
🚀 Key Levels & Market Structure
🔹 Demand Zone: $42,250 - $42,500 (Strong support)
🔹 Resistance Levels:
🔸 $43,600 – First upside target.
🔸 $44,704 – Major supply zone (potential reversal area).
📈 Bullish Reversal Setup?
📌 Price is testing a high-probability support zone, indicating potential buyer interest.
📌 If price breaks above $42,750, we could see a rally toward $43,600 & $44,704.
📌 Bullish confirmation if price closes above $43,000.
📊 Trade Plan
✅ Bullish Scenario
Buy near support if price shows rejection.
Target 1: $43,600
Target 2: $44,704
Stop Loss: Below $42,200.
❌ Bearish Alternative
If price breaks below $42,200, expect further downside.
🔥 Final Thoughts:
The Dow Jones is at a key support level – will bulls push back, or will sellers dominate? Comment below with your bias! 📉📈
🔸 The US30 has been in a downtrend, with price testing a major demand zone at 42,250 - 42,500.
🔸 Key market drivers:
✅ Bond yields rising, pressuring equities.
✅ Fears of delayed rate cuts impacting investor sentiment.
✅ NFP report & Powell’s testimony creating uncertainty.
💡 Upcoming Catalysts
🔹 Stronger-than-expected NFP data → Could delay rate cuts → Bearish for US30.
🔹 Weaker jobs data → Could increase rate cut bets → Bullish for US30.
🔍 Technical Analysis (1H Timeframe)
🚀 Key Levels & Market Structure
🔹 Demand Zone: $42,250 - $42,500 (Strong support)
🔹 Resistance Levels:
🔸 $43,600 – First upside target.
🔸 $44,704 – Major supply zone (potential reversal area).
📈 Bullish Reversal Setup?
📌 Price is testing a high-probability support zone, indicating potential buyer interest.
📌 If price breaks above $42,750, we could see a rally toward $43,600 & $44,704.
📌 Bullish confirmation if price closes above $43,000.
📊 Trade Plan
✅ Bullish Scenario
Buy near support if price shows rejection.
Target 1: $43,600
Target 2: $44,704
Stop Loss: Below $42,200.
❌ Bearish Alternative
If price breaks below $42,200, expect further downside.
🔥 Final Thoughts:
The Dow Jones is at a key support level – will bulls push back, or will sellers dominate? Comment below with your bias! 📉📈
✅JOIN FREE SIGNALS t.me/frankfxforextrade
✅ MORE FREE SIGNALS t.me/frankfx223
✅FOR VIP DM: t.me/frankfx22
✅ICMARKETS frankfxx.com/icmarkets
✅ EXNESS frankfxx.com/exness
✅ DERIV frankfxx.com/deriv
✅ MORE FREE SIGNALS t.me/frankfx223
✅FOR VIP DM: t.me/frankfx22
✅ICMARKETS frankfxx.com/icmarkets
✅ EXNESS frankfxx.com/exness
✅ DERIV frankfxx.com/deriv
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.
✅JOIN FREE SIGNALS t.me/frankfxforextrade
✅ MORE FREE SIGNALS t.me/frankfx223
✅FOR VIP DM: t.me/frankfx22
✅ICMARKETS frankfxx.com/icmarkets
✅ EXNESS frankfxx.com/exness
✅ DERIV frankfxx.com/deriv
✅ MORE FREE SIGNALS t.me/frankfx223
✅FOR VIP DM: t.me/frankfx22
✅ICMARKETS frankfxx.com/icmarkets
✅ EXNESS frankfxx.com/exness
✅ DERIV frankfxx.com/deriv
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.