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DOW JONES US30 :BULLS DEFENDING THEIR ZONEThe Dow closed 540 points higher on Friday, while the S&P 500 and Nasdaq 100 were up 1.8% and 2.2%, respectively, boosted by a sharp rebound in regional banks and solid jobs report that tempered fears of a recession. PacWest and Western Alliance rebounded sharply by 81.7% and 49.3%, leading regional banks’ gains after JPMorgan upgraded Western Alliance, Zions Bancorp and Comerica in a note and stated the three banks appear “substantially mispriced” in part due to short-selling activity. Also, investors welcomed positive earnings from Apple, pushing its stock up 4.7%. On the data front, the US nonfarm payrolls and wage growth accelerated more than expected in April indicating that the US economy remains strong, challenging the expectation that the Federal Reserve rate-hike cycle would end. On a weekly basis, the Dow and S&P 500 lost 1.5% and 0.9%, while Nasdaq gained 0.1% and hit its 37-week high. Technical (1) 31500 and 32615 are the next possible buying zones where Bulls will attack the Bears. The Maket Bias is Bullish, but the momentum is slowing down....(profit taking) Inceasing volume and higher momentum will bring back the DOW to 34597 (1) . The volume has more powerfull shifts, meaning that more participants start to push DOW higher. In case the Bulls hold this zone the next taget will be 35659 ( 2) and then 36968 (3) FED´s Plan could send DOW 45099( Target1) probably in 2nd Quarter 2024 and to 54695 (Target2) in 2025-2026 (4) Profit Taking over the weekend could send DOW at the beginning of the next week to 32473. (5) In case the Maket loses this zone the next retracement aea will be 31464 (6) Last Resort: Eveything below 31287 will be the last chance for the Bulls to defend their positions 30880 30332 29164 28651 SHORT SET-Up: If the Market breaks this area ,then the Bears will aggessively take control over the market. The pice will soar to around 24000 very fast ( See 7) and losing that zone will bring Dow back to 22598 and then 20593 (See 8)
CAPITALCOM:US30Long
by DaveBrascoFX
US30 POSSIBLE BEARISH MOVEhi traders so after doing a quick analysis on us30 it appears that it might be going down. the price currently is at a pretty important / tricky zone we have a trendline and a support level that we can call a neckline for the ugly head and shoulders pattern the price formed earlier . we have a daily candle that closed as an inversed hammer rejecting the trendline . and we also have the rsi who indicates a bearish divergence. if the price rejects trendline and breakout the support we might see a big bearish move for us30. this is not financial advice just my humble opinion trade safe !
CAPITALCOM:US30Short
by xAB777
DOW THEORY APPLIEDADA is showing one of the tenets of the DOW Theory. According to Dow, the market has three phases: 1) An accumulation phase 2) A public participation phase 3) A distribution phase The accumulation phase represents informed buying of the investors. The public participation phase is where the prices advance rapidly along with great news. In the distribution phase, the same "informed investors" who "accumulated" near the bottom begin to "distribute". Right now, we might expect a couple of months-long Accumulation Phase before any rally due to Public Participation. For more information on Dow Theory, you can read "Technical Analysis of Financial Markets" by Johny J. Murphy
Education
by Mr_Banker
DOW JONES The Inverse Head & Shoulders no-one is talking about.The Dow Jones (DJI) index remains within its 5 month Channel Up pattern that started in mid March and recently hit its top. What the majority of the market is missing is a stronger pattern on the wider 1W time-frame. This long-term chart shows that an Inverse Head and Shoulders (IH&S) pattern priced its Head (bottom) when the Channel Up started and completed the Right Shoulder on the first week of July. As a result, the aggressive 3 week rally that followed is a natural consequence of the completion of that pattern, similar to the October - November 2022 rally that led to the start of the IH&S. Such patterns can technically target as high as the 2.0 Fibonacci extension level, which sits just above the 36975 All Time High. As the 1W RSI is bounce on a Pivot level (formerly a Resistance), we have more reasons to continue to be bullish in this market and target first the 35900 Resistance and ultimately the ATH at 36975, potentially all within the boundaries of the Channel Up. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US30Long
by TradingShot
12
DOW JONES: Top is in. Sell signal confirmed.Dow Jones turned neutral on the 1D timeframe (RSI = 52.418, MACD = 174.150, ADX = 47.396) for the first time in one month after the price was rejected inside our targeted zone consisting of R1 - R2. The price completed an approximate +6.20% rise, which is the technical norm inside the four month Channel Up pattern that is holding to this date. Technically this is a sell signal, targeting the 1D MA50 (TP = 34,650). A 1D candle close under the 1D MA50, signals an additional sell, targeting the bottom of the Channel Up and the 1D MA200 (TP = 34,150). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US30Short
by InvestingScope
10
$AAPL- WEEKLY CHART LOOKS READY BOOM$AAPL is going to do some serious moves in the coming weeks. Class A Hidden Bullish Divergence on the oscillators with positive momentum starting to build with the follow through price action IE MACD Divergence. Targets are $200, as this would be typical psycological resistance and $210. As soon as we can crack above point B and claim new support, we are off to the races and will see upward price action. Retraced to the common .382 - .500 ranges, as this is tpyical when the market/price is in a uptrend. Very clear, cut and dry TA if you ask me. Tech Stocks/Crypto Market is awaking from the long and exhausting piss poor peformance and wants to run upward again. Buy before the FOMO nerds get in ;)
NASDAQ:AAPLLong
by BShellhammer
DOW JONES Can go to 36000 before is starts another correction.Dow Jones / US30 us extending the rise inside the 4 month Channel Up, supported by the 4hour MA50. It has already crossed over Resistance A (35525) and as long as the 4hour MA50 holds, it can even break above Resistance B and make a Higher High inside the 36000 - 36100 range. Sell when the price crosses under the 4hour MA50 and target the 4hour MA200. An alternative target to close sell positions can be when the 4hour RSI gets oversold under 30.00. Previous chart: Follow us, like the idea and leave a comment below!!
CAPITALCOM:US30Long
by TheCryptagon
1