D-US30
US30 longHere is why:
- August's monthly closure was very bullish as the candlestick has left a long wick. This shows that price had collected orders from the previous weekly liquidity regions before heading upwards.
- As of right now, price has broken into all time highs, which indicates that price is going higher. The weekly targets would be 42,450.
- Price is very bullish but I will have to wait for it to form a buy setup on lower timeframes before I enter into the trade.
US30 / Consolidation 41565 - 41340Futures kick off Fed meeting week on a cautious note
U.S. stock index futures were flat to slightly higher on Monday as caution prevailed ahead of a pivotal monetary policy decision by the Federal Reserve later in the week, with investors pricing in a steep reduction in borrowing costs.
Technically:
The price will touch 41565 and then by stabilizing under it, will consolidate between 4155 and 41340 till breaking
However, stability above 41565 will be uptrend toward 41800, Otherwise, stability under 41340 will support falling toward 41030
Key Levels:
Pivot Point: 41565
Resistance Levels: 41700, 41800, 41950
Support Levels: 41340, 41030, 40800
Trend:
- Consolidation 41565 - 41340
- Uptrend above 41565
- Downtrend below 41340
Bearish reversal?US30 is rising towards the pivot which is a pullback resistance and could fall to the 1st support which acts as a pullback support.
Pivot: 41,602.008
1st Support: 40,914.12
1st Resistance: 42,016.97
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Dow Jones in correction rangeConsidering the price gap that has been created, which has not been filled from any side, as well as touching the ceiling of the upward movement, we expect the price to be corrected until the price gap is filled. According to the chart, short trades can be entered in two ranges
US30 - Rate Cut Uncertainty Drives Market ConsolidationFutures Muted Amid Uncertainty Over Fed Rate Cut Size
Traders are increasingly pricing in the likelihood of a significant rate cut, with the probability of a 50-basis point cut now at 41%, up from 14% last Thursday, according to CME's FedWatch Tool. Former New York Fed President Bill Dudley has advocated for a strong case in favor of a 50-bps cut.
Technically:
Currently, the market is likely to test 41,030 before advancing towards 41,340, as it consolidates within the 41,030 to 41,340 range. As long as the price remains above 41,030, it is expected to attempt to reach 41,340. However, closing a 4-hour candle below 41,030 could signal a bearish trend towards 40,810.
Key Levels:
Pivot Point: 41,180
Resistance Levels: 41340, 41550, 41900
Support Levels: 41030, 40800, 40670
Expected Trading Range: 41,030 - 41,340
Trend: Consolidation between 41,030 and 41,340.
Above 41,030 indicates an uptrend, while below 41,030 downtrend.
Previous idea:
US30 swing trade idea US30 has reached our level of interest between 41150- 41250 where we look for swing sell setups. Currently waiting for the last impulse upward to get confirmations from the weekly fib and VWAP levels. This is similar to NAS trade, which we sent our earlier. For TP levels, we are currently targeting 40550(750 points) but keeping in mind that this trade has a lot of potential going lower in the last quarter of 2024. Should we break our level of interest, it is likely that we are making a new All Time High. As always, trade safely as you possibly can and always wait for confirmations, before entering a trade. Good luck!
Expect the unexpected.
Fractals Trading Community,
Mei
US30 I H4 I Bearish Drop Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 41,231.06, which is a pullback resistance aligning with a 78.6% FIbo retracement and 127.2% Fibo extension
Our take profit will be at 40,576.81, a pullback support level.
The stop loss will be placed at 41.668.62, above the swing-high resistance level.
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DOW JONES: Aiming at 42,300 if the 1D MA50 keeps supporting.Dow Jones is neutral on its 1D technical outlook (RSI = 53.462, MACD = 83.230, ADX = 39.913) as it has recovered exactly 50% of last week's pullback. The rebound started exactly on the 1D MA50, empowering the bullish sentiment inside the Channel Up, despite the fact that the price is trading over its median.
If the 1D MA50 keeps supporting, the 1D MACD is near a Bull Cross, which inside the Channel Up, is the trigger signal for more upside. This is a strong bullish case for us and within October we are expecting a new HH (TP = 42,300).
See how our prior idea has worked out:
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US30 / DJ30 / DJI Market Money Heist Plan on Bearish SideHola ola My Dear,
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US30 - It looks a retest while below 41030Futures Edge Higher Ahead of Jobless Claims Data
The price rebounded after touching its support zone around 40,000, then gaining approximately 900 points.
Currently, it is likely to test 41,030 before potentially reversing toward 40,670, as the market is consolidating between these levels. However, sustained trading above 41,030 would favor a bullish continuation, targeting 41,180 and 41,340.
also today we have PPI and Jobless data that will impact the market
Key Levels:
Pivot Point: 40,960
Resistance Levels: 41,180, 41,340, 41,550
Support Levels: 40,680, 40,470, 40,320
Expected Trading Range: 40,660 - 41,030
A breakout above 41,030 would confirm bullish momentum, while failure to hold above this level could trigger further declines.
Dow Jones Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring US30 for a buying opportunity around 40750 zone, US30 was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 40750 support and resistance area.
Trade safe, Joe.
USOIL D1 Analysis - Bearish Pair Name = USOIL
Timeframe = D1
Analysis = technical + fundamentals
Trend = Bearish
Pattern = Symmetrical Triangle
Details:-
USOIL will keep following the bearish trend. Currently Facing a good Support. From this support level USOIL will Stay here for Few More day. It will Move Between the level 65 to 70. But when breakout confirm Price will hit 55 to 57 price level
CPI Report to Drive Market Volatility with Bullish PotentialU.S. Futures Poised for Volatility as CPI Report Looms, Focus on Bullish Trend
U.S. futures remain stable as markets await the much-anticipated CPI report, with the outcome expected to have a significant impact on market movements. Current projections suggest the CPI will come in around 2.5%, indicating a weakening USD, which could drive indices into a strong bullish trend. However, if the CPI exceeds 2.7% or 2.8%, market movements could become unpredictable, with a potential downward shift.
The price has retested its support level, as previously noted. For today, volatility is expected, with a greater focus on an uptrend, assuming the CPI result aligns with the 2.5% forecast. Stability above 40,470 will likely support a rise towards 40,790 and 41,030, with further potential depending on the CPI data. In the bearish scenario, if the CPI exceeds 2.8%, a downtrend toward the levels identified in the chart could materialize.
Key Levels:
Pivot Point: 40650
Resistance Levels: 40790, 41030, 41180
Support Levels: 40320, 40010, 39900
Expected Trading Range: 40320 - 41030
Trend: Bullish while above 40470.
DOW JONES Nothing has changed. Bull trend intact and eyes 48000.Dow Jones (DJI) is having yet again short-term volatility following the August 30 All Time High (ATH), but as we explained last week this is natural, since the medium-term Channel Up hit its top and was looking for the 1D MA50 for buyers and a Higher Low potentially a little lower.
On the longer term though, the trend is intact and is heavily bullish. The 1W MA50 (blue trend-line) is holding and as long as it supports, there is no evidence showing a correction. In fact, this is the exact same pattern that the index has been following since the 2009 bottom of the U.S. Housing Crisis.
As you can see on this 1W chart, the market first bottoms on the 1W MA200 (orange trend-line) and starts a recovery phase by breaking above the 1W MA50. After a lengthy consolidation on it with a few tests (to confirm it as Support), it enters a structured Channel Up until the Cycle's peak. The first two Cycles rose by exactly +75% from their bottom to top, while the COVID one peaked at +70%.
As a result, assuming a minimum +70% rise for this Cycle also, we can target at least 48000. It appears that the index is currently past half-way through the Cycle, already within the standard Channel Up.
In addition, you can observe the similarities between the Cycles on the 1W RSI fractals as well, which tend to 'cool down' once this Channel Up starts forming.
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SHORT US30 HAS BEEN PREPAREDTeam, we have been prepare to SHORT US30/DOW at the current market price
Why do we enter the short before the CPI. It a good psychology that the market would expect poor data come out base on last Friday sell off. Similar market expectation.
Short position at 40725-15 , with stop loss at 40779.80
Target at 40592.70