D-US30
US30 (Rally Movement...)Nvidia Reports on the Horizon, Wall Street Gains Pre-Bell; Asian and European Markets Up
Wall Street futures indicated a slight rise pre-bell Monday as traders processed the final stages of the earnings season.
Nvidia ( NASDAQ:NVDA ) is scheduled to announce its earnings after the market closes on Wednesday. This week will also see financial results from Lowe's ( NYSE:LOW ), PDD ( NASDAQ:PDD ), and Intuit ( NASDAQ:INTU ).
On Wednesday afternoon, the US Federal Reserve will publish minutes from its most recent policy meeting.
Wix.com ( NASDAQ:WIX ) shares increased by 7.8% pre-bell following the company’s report of higher Q1 adjusted earnings and revenue.
In futures trading, the S&P 500 increased by 0.1%, the Nasdaq rose by 0.2%, and the Dow Jones remained steady.
Overnight, Asian markets mostly traded higher, while European stocks turned positive by midday.
Technically :
The Dow Jones has reached a new all-time high.
Stability above 40005 suggests the bullish trend will continue towards 40130 and 40420. Conversely, if the price stabilizes below 40005, it is likely to drop to 39790.
Pivot line: 40005
Resistance Prices: 40130, 40420, 40730
Support Prices: 39820, 39540, 39360
The movement range will be between support 39790 and Resistance 40420
DOW JONES │ US30 │ WEEKLY OUTLOOKWeekly timeframe
As anticipated the highs were raided even if it was a mere ±40 pips. So what is next? Bullish scenario we may see participants run us all the way to round levels – 40100; 40200; 40300; 40400; 40500 and so and so forth. Where it turns around to sell, I do not know. However, if we do see it sell there are two fair value gaps we can look for a reaction to buy on the chart
Daily timeframe
Because we believe the market is now bullish, a break of ATH is eminent. So we just wait for that break to see price reach high to around 40800, Unmitigated imbalance sit around 38680. A very deep retracement that would be.
Four-Hour timeframe
Clear as daylight; just wait for price to get into discounted levels to buy. When you see selling opportunities in premium, sell but as always, these are high resistance counter trend trades that is full of stop hunts so always try and half the risk you take.
Final Thoughts
When you are in no man’s land as we are here, it is always best to stick to the short-term trades. Session to session, fixed RR etc. I will personally wait for price to get into discounted levels to buy and try to sell in premium when the opportunity presents itself.
S&P500 INDEX (SPY) Bullish Rally Continues
S&P500 broke and closed above the resistance based on the all time high.
It opens a potential for a further bullish continuation.
I will expect more growth at least until FOMC on Wednesday.
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Dow Jones (US30)Dow Jones weekly time frame analysis
The Dow Jones is in an important area that can correct from these ranges to lower levels
Dowjones is benefiting from the bearish momentum of DXYHey Traders, in tomorrow's trading session, we're eyeing a potential buying opportunity on the US30 around the 39730 zone. The US30 is currently amidst an uptrend but undergoing a corrective phase, nearing the crucial support and resistance area at 39730. The Dow Jones Industrial Average and the US Dollar Index typically exhibit a negative correlation due to various intertwined factors. Investors often view the US Dollar as a safe-haven asset, seeking it during times of market uncertainty, while turning to riskier investments like equities, represented by the Dow Jones, when market sentiment is positive. Additionally, a weaker dollar can benefit multinational companies listed on the Dow Jones by making their exports more competitive globally, potentially boosting corporate earnings and stock prices. Changes in US Federal Reserve's monetary policy, commodity prices, and inflation also contribute to this inverse relationship, as fluctuations in the USD can impact both the stock market and commodity prices. Therefore, when the DXY shows bearish momentum, it tends to coincide with bullish sentiment in the Dow Jones as investors pursue higher returns in equities amid a depreciating currency.
Dow Jones Index (US30) Get Ready For Breakout
Dow Jones closed this week, approaching a horizontal resistance
based on a current All Time High.
Because the trend is strongly bullish, probabilities will be high
that the price will break that.
Daily candle close above the underlined area will confirm the violation.
A bullish continuation will be expected then.
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DJIA H4 | Strong bullish momentumThe DJIA (US30) is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 39,598.96 which is a pullback support.
Stop loss is at 39,250.00 which is a level that lies underneath an overlap support and the 23.6% Fibonacci retracement level.
Take profit is at 40,045.66 which is a pullback resistance at the all-time high.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Potential bearish drop?Dow Jones (US30) has reacted off the pivot and could potentially drop to the 1st support.
Pivot: 39,993.29
1st Support: 39,637.89
1st Resistance: 40,530.41
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US30USD LongThis index has formed a doji candle, which might be an indicator of an indecision in the market. I anticipate that the market might retest the resistance at 40,000 based on the fact that sentiment is bearish on this trade.
Entry point at 38150, TP at 40050 ,and SL at 37200 as my R : R is 1: 2.
Kindly remember to risk 1 - 3 % of your account.
USDCADWe expect a decline, and the decline will be confirmed when 1.35498 is broken when the daily candle closes below this number. We expect a decline to the next number 1.33632.
US30 SENDS CLEAR BEARISH SIGNALS|SHORT
Hello,Friends!
Previous week’s green candle means that for us the US30 pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 33337.
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SIGNAL: Go LONG on US30 - 15 May 2024Like, comment and share with your peers!
I would be looking for bullish moves on US30 today provided price remains above 39500.
1 hour price bar(candlestick) has closed above a range that started mid NY session yesterday. The range formed shortly after a 211 pips pump.
Find my confluences below;
✅Price at psychological level?
✅Has there been a recent intraday range?
✅Do you see 30 mins or 1 hr price bar closure outside recent range?
✅Will position be in the direction of 4hr and Daily trend ?
✅Has nearby wicks to the lefthand side been identified and marked as potential problem area/TPx?
With these ticked, i choose my entry and SL accordingly with the intention of giving my trade a second chance if my SL is hit
Position Parameters
Entry 39588 - 39609
Textbook SL - 39543.38 (means flexible - put SL as occasion serves you and give the trade a second chance if SL is hit)
Tp - 39801.65 (see partial TP levels on the screen)
Drop a comment to let me know if you have picked up a thing or two form my analysis
Warning:
1. trading derivative could result to loss of your capital, kindly apply caution and use only the money you can afford to lose.
2. Previous performance is not a guarantee that my signals will profit you. Accept and implement this idea at your own risk.
You are advised to apply proper risk management while trading derivatives...!!!
BR,
Kings
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US30: Day 3, coiling underneath yesterday HODHi everyone and welcome to my channel, please don’t forget to support all my work subscribing and liking my post, and for any question leave me a comment, I will be more than happy to help you!
“Trade setups, not movements”
Let’s jump into the Technical Analysis:
WEEKLY TEMPLATE (1hr chart):
Monday day 1 broke higher the previous HOW, failing the breakout, dumping down and closing as a first red red day.
Tuesday day 2, the market consolidated almost all the day at the current LOW placed by the Monday high low, performing a nice pump at the end of the day.
Today Wednesday day 3, the market is in consolidation above the yesterday closing price and previous HOD, a particular situation that often lead to an explosive move. However, indexes open at 9:30 NYT and CPI red news on calendar at 8:30am.
DAILY TEMPLATE (15min chart):
Both Asia and London session consolidated between the CP and HOD, nothing really happened yet.
THESIS :
As always, I do not predict any market direction, because predicting/guessing is just a 50:50 method. However, for a long thesis I would target the previous HOW considering the 3 days dump and pump scenario, but I wouldn't exclude a bigger short scenario back at least to the LOW or breakout traders of Thursday.
SETUP :
Long: consolidation at CP till news release or NYO 9:30am
Short: lower low in place, pump into CP for a dump, eventually also pump into previous HOD for a short setup.
Please note that the purpose of my analysis is to help me and you hunting the best trade setup for the day, none of my technical aspects are a way to forecast any directional market movement.
Gianni
US30 Is Going Up! Long!
Here is our detailed technical review for US30.
Time Frame: 1h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 39495.19.
Taking into consideration the structure & trend analysis, I believe that the market will reach 39599.16 level soon.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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US30US30
Dow Jones
Long Term
Daily Timeframe
US30
Dow Jones
Long Term
Daily Timeframe
US30
Dow Jones
Long Term
Daily Timeframe
NASDAQ Invalidated the bearish scenario and marching to 19100.Three weeks ago (April 23, see chart below) we called for a relief rally on Nasdaq (NDX) 18000, right when the price was at the bottom of its correction:
The Target was the top of the Channel Down, which was the correction pattern and just below the 0.786 Fibonacci retracement level which during the July - October 2023 correction was where the uptrend was rejected and pushed the Channel Down to a Lower Low.
Well now this bearish sentiment has been invalidated as the index broke above both the top (Lower Highs trend-line) of the Channel Down, as well as the 0.786 Fib. This gives form to a Channel Up. The 1D RSI sequence is similar with the post October 26 2023 bottom and we might be in a similar situation as the November 07 2023 break-out (ellipse).
That bullish break-out topped on the 1.618 Fibonacci extension (blue pattern) before the next short-term pull-back. As a result we formulate our medium-term Target to 19100 (just below the 1.618 Fib ext).
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US30 Dow Jones Technical Analysis and Trade IdeaThe US30 Dow Jones index has exhibited a robust bullish trend recently. However, we now observe that the index is approaching a significant resistance level on both the weekly and daily charts.
Moreover, the market appears to be overextended. When a market becomes overextended, there’s a possibility of a reversal. Traders closely monitor signs of exhaustion or weakness.
Given these factors, we are considering a short opportunity. It’s essential to manage risk diligently, as trading always carries inherent risks. Remember that this information is for educational purposes only and should not be construed as financial advice. 📈👍
DOW JONES: Two levels to buy.Dow Jones is bullish on its 1D technical outlook (RSI = 62.964, MACD = 188.520, ADX = 55.476) and has completed three green 1W candles in a row. Having reached the 0.786 Fibonacci level, the last confirmation left to see in order to call for a continuation of this uptrend is for the 1W RSI to cross over its MA. The moment it does, we will buy again and target the Channel's top (TP = 42,000). Until that moment, we will wait for a more comfortable buy lower at 38,550 (TP = 42,000 again).
See how our prior idea has worked out:
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Dow Jones Index (US30): Bullish Price Action Ahead of The News
In 1 hour, we are expecting US PPI report.
Ahead of the release of that data, I see a bullish price action on US30.
After a test of an intraday support, the Index started quite a long correction
within a narrow horizontal range.
Its resistance was broken with a strong bullish candle,
indicating the strength of the buyers.
The market may bounce.
Goal - 39600
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DJIA H4 | Potential pullback opportunityDJIA (US30) could fall towards an overlap support and could potentially bounce off this level to climb higher.
Buy entry is at 39,065.38 which is an overlap support.
Stop loss is at 38,500.00 which is a level that lies underneath an overlap support and the 50.0% Fibonacci retracement level.
Take profit is at 39,598.96 which is a pullback resistance.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
