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DOW JONES: Triangle about to break out.Dow Jones is neutral on its 1D technical outlook (RSI = 53.474, MACD = 190.020, ADX = 26.060) as it is trading inside a Triangle pattern, sideways around the 4H MA50. A crossing over the R1 level will be a long aiming at the 2.0 Fibonacci extension (TP1 = 48,000), while a crossing under the S1 level will be a short aiming at Fib 0.0 (TP = 42,000). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US30
by InvestingScope
DOW JONES: Necessary correction to lated target 46,600.Dow Jones is neutral on its 1D technical outlook (RSI = 53.301, MACD = 170.540, ADX = 30.319) as it is trading sideways on top of the 1D MA50 for the past 2 weeks. The long term pattern is a Channel Up that every time it rebounded on a HL bottom and hit the R1, it always pulled back again to test the 1D MA50. Consequently, this is a necessary technical correction that will allow the index to attract enough buying momentum again to go after a new HH. Aim for a minimum +8.41% increase (TP = 46,600). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US30Long
by InvestingScope
DOW JONES: Buy signal above the 4month RectangleDow Jones just turned bullish on its 1D technical outlook (RSI = 56.676, MACD = 255.440, ADX = 30.051) as it hit the 4H MA50 after an instant rebound on the 4H MA100 inside the same session. This is a strong bullish reversal but the buy signal will be validated if the price crosses over the 4month Rectangle pattern. The rally from its January 13th bottom has been with a significant correction until Friday's and today so far and according to the November rally which was two-fold, if this is the start of the 2nd bullish stage, it should be -1.70% weaker than the first. This implies that from today's low we should rise by +6.30%. This gives us a TP = 46,550 but in order to overcome the bearish pressure of the Rectangle, we will buy only if then price crosses over it. See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US30
by InvestingScope
1
DOW JONES: Absorbing tech sector's losses.Dow Jones remains heavily bullish on its 1D technical outlook (RSI = 63.633, MACD = 251.980, ADX = 35.788) and in contrast with Nasdaq's heavy losses, which is rattled by DeepSeek, it is rising. It seems that industrial stocks are absorbing quite a significant portion of tech's losses. Dow's long term Channel Up pattern remains intact and last week's crossing over the 1D MA50 and the bearish wave, confirmed that we are at the start of the new bullish wave. Based on the HL of the 1D RSI that was completed on the January 10th bottom, we draw strong comparisons with the October 27th 2023 bottom. If the index holds the 1D MA50, we expect the next high to be at 48,000 and after a pullback, complete the wave by May on a +20.75% rise (TP = 50,500), same as the increase of the 2024 bullish wave. See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US30Long
by InvestingScope
2
DOW JONES: Crossed above the monthly Channel Down. Buy signal.Dow Jones turned bullish again on its 1D technical outlook (RSI = 57.829, MACD = -79.310, ADX = 34.732) as it crossed over the Channel Down that is the bearish wave of the long term bullish trend. The 1W MA50 held and we have to go back to October 30th 2023 to find the last time that the index was under it. If the 1W RSI crosses above the MA trendline, we will confirm that most likely we are going to have a November 6th 2023 type of bullish breakout. The major rallies of the past years have been at least +20%. Buy and TP = 50,500. See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US30Long
by InvestingScope
DOW JONES: contact with the 4 month Support Zone. Strong hold.Dow Jones approached the oversold limit today on its 1D technical outlook (RSI = 38.566, MACD = -404.260, ADX = 33.712) as it hit the S1 Zone, which is in effect since late September 2024. The last test of this Zone (November 4th 2024) also coincided with the 4H RSI getting oversold (under 30.000) and the price was also trading inside a Channel Down. By early next week, we expect the index to initiate a similar rebound, aiming at the 0.786 Fibonacci level (TP = 44,300). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US30Long
by InvestingScope
DOW JONES: Rare Channel Up bottom buy opportunityDow Jones remains bearish on its 1D technical outlook (RSI = 40.772, MACD = -242.050, ADX = 47.872) as despite trading on the 1D MA100, it has failed yet to recover the 1D MA50. Technically though, the price action is sitting exactly at the bottom of the long term Channel Up and the 1D RSI has formed a bottom fractal identical to those of June and April 2024. The minimum target on those has been +7.65% but since we have the R1 level to consider as Resistance, that will be our target (TP = 45,000). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US30Long
by InvestingScope
DOW JONES: Ignore the pullback, this is a new bullish wave.Dow Jones turned bearish again on its 1D technical outlook (RSI = 41.280, MACD = -138.420, ADX = 33.278) as it failed to hold the 4H MA50 as support today and crossed under it. The 1D MA100 is coming in as the next level of support, which formed the Dec 18th-19th low. According to the 4H MACD, the index formed during those 2 days a bottom similar to of August 5th. As long as the 1D MA100 holds, it is more likely to see a bounce above the 4H MA50 again like August 13th. Our goal is a wave, so we're targeting the R1 level (TP = 45,000). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US30Long
by InvestingScope
2
DOW JONES: Neutral 1D means buy opportunity.Dow Jones is neutral on its 1D technical outlook (RSI = 53.536, MACD = 330.150, ADX = 20.923) as it is on the bearish wave of the 4H Channel Up, towards the 4H MA200, which on November 19th priced the last HL. The 4H RSI got oversold and rebounded today above its MA period, which twice before has been a buy signal. We are going long here, aiming at the 1.382 Fibonacci extension (TP = 45,400). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US30Long
by InvestingScope
DOW JONES: A few days of consolidation can push it to 46,100Dow Jones is almost overbought on its 1D technical outlook (RSI = 68.114, MACD = 449.010, ADX = 35.064) and is printing a sequence much like post September 20th. That was a consolidation Channel that paved the way to the next bullish wave on the 1.5 Fib extension. This is a 4 month Channel Up supported by the 1D MA50. As long as it does, aim for the 1.5 Fib (TP = 46,100). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US30Long
by InvestingScope
1
DOW JONES: Turned the previous Resistance into Support.Dow Jones is bullish on its 1D technical outlook (RSI = 63.922, MACD = 449.140, ADX = 44.993) as it recovered yesterday's losses but more importantly it is rebounding at the top of the former Channel up. Having broken over it 3 sessions ago, two short term patterns emerged a Rising Wedge (HH, HL) and a Channel Up. If the HH trendline is crossed, it will be the perfect buy signal to target the top of the short term Channel Up (TP = 44,000). The 1D RSI shows that a rally similar to July 10th is possible. See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US30Long
by InvestingScope
DOW JONES: Small pullback will offer a buy opportunity.Dow Jones is about to turn neutral on the 1D technical outlook (RSI = 57.040, MACD = 399.580, ADX = 38.469) as it crossed below its 4H MA50, withi the 4H RSI already on a bearish divergence, pointing to a short term correction. We expect that to be on or a little under the 4H MA200 and then rebound (over the 0.5 Fibonacci level) like the September 11th low. Like then, we are targeting the 1.236 Fibonacci extension (TP = 43,200). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US30
by InvestingScope
DOW JONES: Is it forming a BLOW OFF TOP??Dow Jones isn't just having a strong bullish momentum on the 1D timeframe but also on its 1W technical outlook where it maintains a steady bullish overall indicator score (RSI = 64.010, MACD = 036.840, ADX = 29.553). However there are growing concerns coming from the 1W chart as the 1W RSI is posting a Bearish Divergence, trading on a Channel Down while the actual price is on a Channel Up. This is alarming because last time this showed up was in late 2021 and as we all know led to the bear market of 2022. However the Bearish Divergence prior to that (mid 2017) was false and Dow continued to rise instead for another 4 months before a correction to its 1W MA50. And that is the level that plays the most important role here, the 1W MA50. As long as it continues to support, we will have a bullish trend. Actually, Dow seems to be attempting a breakout over the Channel Up this month, unlike December 2021. Failure to break though can result into a blow off top. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
TVC:DJI
by InvestingScope
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: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US30Long
by InvestingScope
DOW JONES: Pattern worked like beauty. Technical rebound.Dow quickly turned neutral again on its 1D technical outlook (RSI = 49.651, MACD = -238.11, ADX = 37.915) not staying for long on its previous bearish state as after hitting our TP = 37,300 it rebounded emphatically and is about to test the 1D MA50. The pattern was the same as the prior corrections inside the Channel Up: pullback to the 0.382 and -6.95% in particular like on December 20th 2022. Now the price should at least retrace to the 0.786 Fib on this bounce. Long TP = 39,350. See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US30Long
by InvestingScope
DOW JONES: Short term decline started.Dow Jones is still on a bullish 1D technical outlook (RSI = 61.232, MACD = 275.500, ADX = 55.346) but today's red 1D candle, being the strongest since February 13th, is a first hint that a short term correction is starting. The price has almost made a HH at the top of the 18 month Channel Up, so the probabilities of a technical pullback are getting stronger. Both prior HH touched the 1D MA200 and the middle of the Channel Up. As a result a -6.90% decline (like December 20th 2022) seems a modest target (TP = 37,300) as it will hit the middle of the Channel Up, even approach the S1 level. See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US30
by InvestingScope
DOW JONES: Make or break at the top of the Triangle.Dow Jones rebounded on the 4H MA200 and the HL trendline of the Triangle pattern and turned bullish again on the 1D timeframe (RSI = 61.324, MACD = 179.870, ADX = 45.459). As the 4H MACD is on a Bullish Cross, we have a clear sequence to follow, bullish if it closes over the LH trendline (TP = 39,450) and bearish if it doesn't (TP = 38,700). The targets are the 1.5 Fibonacci extension and the HL trendline respectively. From a fractal point of view, the MACD looks much like the January 19th 2024 bullish breakout. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US30
by InvestingScope
1
DOW JONES: Mega sell signal formed.Dow Jones has hit the top of the 18 month Channel Up and is already being rejected, turning neutral on the 1D technical outlook (RSI = 51.769, MACD = 112.170, ADX = 21.784). This is a rejection that can evolve into a full bearish reversal as the 1W RSI broke under its MA trendline. This is important because every time this break out happened (dashed vertical lines), the index had technical corrections. Inside the Channel Up those initially hit the 0.382 Fibonacci level. Consequently, we can target at least the S1 level (TP = 37,030) but it is equally likely to reach even below the 0.382 Fib and contact the 1W MA50. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US30Short
by InvestingScope
DOW JONES: Overbought and at the top of the Channel Up. Bearish Dow Jones is on a bullish 1D technical outlook (RSI = 59.534, MACD = 196.180, ADX = 37.569) that up to last week was overbought but now the momentum shows weakness on losing steam as the price is at the top of the Channel Up pattern. The 1D CCI is showing the same decline from overbought levels that it showed before the three major declines in 2023. This keeps us bearish on Dow, targeting the 0.382 Fibonacci level (TP = 36,500) which was the first target of the two prior HH of the Channel Up. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US30Short
by InvestingScope
1
DOW JONES: Started rising, at least on the short term.Dow Jones went from oversold to neutral on its 4H technical outlook (RSI = 51.457, MACD = -63.520, ADX = 28.038) as the price bottomed on the LL trendline of the three month Channel Down and rebounded straight to the 4H MA50 today. This is the short term Resistance, a closing above it confirms the 2nd part of the rally to the 4H MA200. The 4H MACD is on the same Double Bullish Cross bottom formation as October 4th. The rally that followed rose by +4.05%. Consequently our bullish target (TP = 33,500) is under a max +4.05% range, as well as the 4H MA200 and the dashed LH trendline. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US30Long
by InvestingScope
DOW JONES: Support Zone intact. Buyers are favored short term.Dow Jones is volatile on the 4H timeframe (RSI = 37.485, MACD = -170.620, ADX = 29.943) after almost testing the S1 level (32,813) yesterday but following a 4H MACD Bullish Cross formation, it is a low risk buy opportunity. The rejection of the previous rise took place on the 4H MA200, so that is our target again. Buy and TP = 33,700. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US30Long
by InvestingScope
DOW JONES: Rejected on the 2week Resistance. Any change to recovDow Jones is having a sharp opening pullback on the 1H timeframe but remains on a bullish 4H technical outlook (RSI = 58.586, MACD = 126.970, ADX = 41.565), as the HL trendline of the Bullish Megaphone is holding. The reason for the pullback is the rejection on the R1 Zone (35,100 - 35,030). A 4H MACD Bearish Cross will most likely take the price to the HL trendline and the 4H MA50 (TP = 34730) in order to test the buying accumulation at the bottom of the Megaphone. A buy signal consists over the R1 Zone, whose target will be the Megaphone's HH trendline (TP = 35,400). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US30Long
by InvestingScope
2