Will Dow Jones fall to 27k this year?My outlook for the stock markets this year is bearish and, in fact, I have expected a fall for around 6 months now. Although it didn't happen, YET, let's try to see the bigger picture and understand what's happening.
For the past 9 months, Dow30 was trading in a range. You may argue that we have higher highs in place, but this, in my opinion, is window dressing. In fact, Dow was trading at an average of 35500. Yes, indeed, 34k support held for 6 times, but recoveries after touching it are anemic, highs are marginal and this support held not because there was much buying power there, just lack of selling by big players.
My true opinion is that in this past 9 months we have had a large distribution, when " they" are done distributing is hard to say though...
In conclusion, I expect a drop for Dow (and indices in general) this year, and my target is 27k
Dowjonesanalysis
US30 (HIGH PROBABILITY BUY SETP SOON)On Tuesday, U.S. indices closed in greens for the second consecutive session as Treasury Yields fell & investors grow hopeful that the Feds will decrease its aggressive tightening policy amidst jobs data, US30 (Dow Jones Industrial Average) rose 825.43pts (2.8%) to 30316, we believe the UPTREND move will be resuming this coming days & weeks due to the November 08/2022, midterm elections in the U.S.
At the mean time, Here we can see clearly the next move for US30 in H1 time frame, we have our EP & our TP, keep a close eye US30, happy pip hunting traders.
Dow emini stops@20% bear mkt with mma50 & GANN line supportDow e-mini officially entered bear market territory breaking below 20% decline limit & the weekly wma200 line. It is the only major index that made a lower low & confirmed by the transports DJT. Dow, with a lot of defensive stocks, has been holding the strongest all this time & I think it will be the last to capitulate before the market bottoms. (After market takes out the weak hands & stop losses)
However, it is still uptrend in the monthly chart with mma50 & my GANN line as support. It took only 7 weeks for it to drop 14% from the August top…exactly from 1 GANN line to the next one below. (Looks like a capitulation)
The moves this week will determine if current support will hold as Dow consolidates before the 4Q2022 rally up to December. (This may technically still be a double bottom…only a little below the 0.386 Fib retracement zone from pandemic low to ATH)
The monthly mma50 must hold to be bullish. Otherwise the next support will be the next GANN line below around the 27k to 28k zone…near the 0.50 Fib retracement zone.
Not trading advice
Dow Jones Technical Analysis ahead of FOMCThe US headline CPI data released last week surprised the market with a smaller drop than expected. As such, a higher chance is being given to a 75-basis-points rate hike in the upcoming September FOMC meeting. The US stock market reacted with a major sell-off last week, signalling that the summer rally has overstayed its welcome.
The Dow Jones plunged by 1,300 points or 4.2% last week. The S&P500 dropped by 5.2%, while the NASDAQ declined by 6.0%.
The interest rate decision from the Fed due this Wednesday (UTC -4) will be a significant event for US markets this week. The market is currently pricing in an 85% chance of a 75bps rate hike and a 15% chance of a 100bps hike.
Looking at the current price action for the Dow Jones in combination with the Schaff Trend Cycle indicator, indicates that the downside's strength still present and may continue to stick around. The Schaff Trend Cycle is currently sitting far below the 25 level at 7.6.
However, this indicator’s current condition may also be a sign that the Dow Jones may be oversold. In such a case, we might expect the index to perform a reversal and retest the 31,200 level, before continuing the downtrend. Traders looking for a counter-trend trade might want to watch and wait for the Schaff Trend Cycle to close above the 25 levels.
With the upcoming FOMC meeting and the expectation of a 75bps or greater rate hike, we may expect a reaction to the downside during the day and a hitting of the 30,000-support area. Breaking below the 30,000-demand zone will open up the 29,500 to 29,000 targets.
Traders Vs Investors fight evident in S&P500 chartsIts easy Identifiable from the SP:SPX charts, that the SHORT sellers want to keep the Index below the Red trendline the moment it touched it.
Investors or we better call it the BULLS, want to change this scenario quickly and want to take the S&P500 out of this trading range shown in charts.
Tomorrow could be a make or break day, but always remember Investors (the BULLS) win in long term, so we might see this range being BROKEN on the higher side very soon.
Regards,
Anshul
Dow Jones: Jello 🍮What’s your favorite kind of jello? Cherry? Lemon? Raspberry? Dow Jones seems to prefer woodruff, as the index has been munching through the green jello between 30576 and 31689 points quite efficiently. Now that it has finished wave 2 in green, Dow Jones is already on its way to the next green jello between 37669 and 39249 points, where it should complete wave 3 in green. To take a bite there, it has to climb above the resistance at 34246 points first, though. Also, there is still a 42% chance that Dow Jones could wobble downwards below the support at 30109 points and thus below the next one at 29639 points as well.
DowJones-US30The price breaks the trend, and according to my analysis, The price will correct first, then by re-examining the chart, there will most likely be an opportunity to buy. It is apparent in the picture.
However, I think the orange color will happen.
Caution I saw the trend for a long time frame still bullish !!!
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DowJones30 will fly soon.Long DowJones30, smart money is Going to fill their bags at 30900-30600 levels.
DowJones-US30Accurate analysis. That's an update. Based on my analysis for US30 on Aug 17.
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US30 BUY ANALYSISLooking at NAS100 on 30M timeframe
Currently looking for long/buy position
We currently waiting for signals of reversal whereby we will then execute the trade
Dow Jones Analysis ( WTF )Now the Dow Jones is ready for big fall .
You can see on wtf the Dow created a marubozu bearish candle it is a one off the best confirmation for fall we can see may be 4000+ points fall in upcoming days
Also In upcoming FED meeting he will increasing the RATE by 0.5 to 1 % in sep or October meeting .
US30 BUY ANALYSISLooking at US30 on 30M timeframe
Currently looking for long/buy position
We currently waiting for signals of reversal whereby we will then execute the trade
DOWJ is in a daily uptrend.Applying elliot wave analysis on the daily chart you can clearly see we are in an uptrend to grab liquidity near the all time high. I used a combination of volume + price, fib, wyckoff methodology to mark up this chart.
If you want to learn more I owe any of my TA skills to www.tradingview.com
Disclaimer: If you don't know proper trade or risk management, then you should be paper trading.
Dow Jones Analyze!!!🧐Today we will discuss the Dow Jones Industrial Average Index technical analysis in a Daily timeframe chart. DJI finished its ascending trend after breaking below the ending expanding diagonal pattern. As you can see, we have a major pivot in Support Line . I expect Dow Jones to make the same movement as Wave X (Near the Important Resistance Line ), and then it will go DOWN again, probably at my TRZ ( Time Reversal Zone ).
We have Two Scenarios here:
Scenario 1 : DJI will make the Expanding Leading Diagonal .
Scenario 2 : DJI has passed the corrective waves by Double Zigzag Correction and We have to wait for breaking the Resistance Zone by DJI ( Low Possible ).
Dow Jones Analyze ( DJIUSD ), Timeframe Daily ⏰( Log Scale )
🔴 Resistance zone : 33700$ until 33260$
🟢 Support Zone : 31260$ until 29680$
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy , this is just my idea, and I will be glad to see your ideas in this post.
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Dow Jones: Wow Jones 😯Wow – sorry – Dow Jones has impressed us with some really fresh moves! It has virtually jumped upwards and thus has already come quite close to the upper orange zone between 33714 and 34565 points, where it should soon finish wave iii in orange. After completing a countermovement into the lower orange zone between 32863 and 31912 points, Dow Jones should continue to dow – sorry – wow us with more upwards action. To achieve this, though, it shouldn’t drop below the support at 31867 points.
dow jones give us another probabilitydear traders and inestors this wedge is clear after breakout appears on EMA i expect dow jones will be at 32600
US30 Dow Jones Technical Analysis and Trade IdeaTaking a look at the US 30 it has traded into resistance, we can see a price gap under and potential for a re-trace down to 61.8 or 78.6 fibo range. Support and resistance levels marked up in the video, my opinion only and not financial advice.
US30 (Dow Jones) Sell SetupFOMC and GDP numbers for Q2 loom large next week. With an interest rate hike, coupled with a higher than expected number for the GDP, a risk off environment will kick off, sending the USD pushing higher and the markets will begin a bear leg.
* The US will be in a technical recession if those numbers come in higher than expected, as this would make it two quarters in a row with bad GDP numbers.
* If price breaks the high of the SZ, then the setup is invalidated.
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US30Hello Traders Welcome back to another profit day
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Here is the full analysis for this pair, Let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
US30 view with smart money concept
Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts.
The information given is not a Financial Advice.
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have a good profit day guys
dowjonesConsidering the completion of 5 waves as well as wave 5 out of 5 which is incomplete, the possibility of correction is up to the desired range
US30 ShortPrice is in a downtrend pulling back into retracement levels looking to take up short positions on the supply zone if met with confirmation signals
US30 pressure continues. Could the short-term run be over? Hello to all our subscribers and the TradingView community. Thanks for stopping by and watching our latest market update.
Today we have broken down the US30 on an overall longer-term view and the current short-term view. Overall the trend remains down, and we are watching to see if the short term can complete the current pattern of trend and maintain a normal trend with a new LL. Sellers are in control on the short term but they have a bit to do to confirm that.
On the short-term, sellers continue to hold sway with a break of yesterday’s low in today’s out-of-hours session. We’re seeing two keys moving forward. 1, sellers break 30,500 demand and set off back to 29,683 low. If demand holds and we see a new move above 31,500 resistance, we will jump off the seller train and look at the possibility that the uptrend from the 20th of June has further to run.
Good trading and we hope you enjoy the rest of your day.
