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US WALL ST 30

US30 Short Setup: Riding the Retrace to Key Support Levels!Since the elections, traditional markets have been climbing to new highs, showcasing strong bullish momentum. However, I’m now eyeing a short opportunity on the Dow Jones (US30) as it retraces to key support zones around 44,400–44,500. This area appears to be a strong support zone, and my plan is to capitalize on the retracement for a potential long setup near the 44,000 price range. Currently, US30 is trading below the FibCloud, suggesting room for a retrace to the 44,800 level before continuing lower. My strategy here is to profit from the retracement, then re-evaluate for a long trade based on market conditions near the support levels. Key Levels: • Support Zone: 44,300–44,500 • Resistance Zone: 44,800 • Take Profit: 44,440 • Stop Loss: Above 45,100 Market Outlook: With tomorrow being a U.S. bank holiday, volume may vary significantly. I’ll closely monitor price action and market reactions for further confirmation. This trade aligns with the broader market behavior while taking advantage of shorter-term retracements. Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
CAPITALCOM:US30Short
by AR33_
1
Several factors suggest a potential downturn for the Dow Jones ISeveral factors suggest a potential downturn for the Dow Jones Industrial Average (US30) in the near term: Technical Indicators: • Overbought Conditions: The Relative Strength Index (RSI) indicates that US30 is approaching overbought levels, which often precedes a price correction. • Bearish Divergence: A rising wedge pattern coupled with bearish divergence signals a possible downward movement. Economic Data: • Manufacturing Slowdown: The ISM Manufacturing PMI rose to 48.4 in November but remains below the 50 threshold, indicating contraction in the manufacturing sector. • GDP Growth Concerns: Recent data shows the U.S. economy grew at its slowest pace in two years, with a 1.6% increase in GDP for the first quarter of 2024, missing forecasts. Federal Reserve Policies: • Cautious Approach to Rate Cuts: Federal Reserve officials have signaled a cautious approach to future interest rate cuts amid strong economic performance and cooling inflation, which may impact investor sentiment. Market Sentiment: • Strengthening U.S. Dollar: A rising U.S. dollar could pose challenges for stock-market bulls, potentially hindering further equity-market gains. • Technical Caution: Analysts warn of potential market corrections, with models indicating possible downturns during the holiday week. Considering these factors, there is a potential for US30 to experience a decline in the near future. However, market conditions can change rapidly, and it’s advisable to monitor real-time data and news updates for the most accurate information.
BLACKBULL:US30Short
by US30EMPIRE
US30 Market Analysis 1. Technical Perspective: • The chart shows a strong upward breakout from a falling wedge pattern, a traditionally bullish setup. • After the breakout, price action seems to be consolidating near a resistance zone (marked in red). • Support near 44,400 appears to have held firm previously, creating a higher low, which aligns with bullish momentum. 2. Stochastic Oscillators: • The Stochastic Divergence and Stochastic indicators at the bottom suggest a recent overbought condition but are not yet sharply reversing, indicating consolidation rather than a full-fledged bearish reversal. • If the stochastic moves upward from its midline, it could signal continued bullish momentum. 3. Key Levels: • Resistance: The red box indicates a resistance zone near 45,000. A breakout above this level could trigger further upside movement. • Support: Immediate support lies around 44,400. If this level holds, the market could continue upward. 4. Volume and Sentiment: • While volume isn’t visible in the chart, breakouts with sustained buying pressure tend to confirm bullish trends. • Broader market sentiment should also be considered; a positive catalyst (e.g., economic data or easing bond yields) could help US30 push higher. Likely Scenario: If support near 44,400 holds and there are no external bearish catalysts, the Dow (US30) could push higher toward or beyond the 45,000 resistance level. However, failure to break resistance may result in a short-term pullback to test lower support levels.
BLACKBULL:US30Long
by US30EMPIRE
Potentially short set-up US30As you can see in the picture, on 12th November I shared my short setup on US30 and it hit my TP. Now after a small bounce, if i see a rejection sign at the level I'm watching, I'm planning to open another short position to target lower levels, as shown on the chart. Why? Because we've already seen 1.2.3.4.5 Elliot wave impulse on the daily and I'm expecting an ABC correction to follow, I'm waiting now. If it go higher than where I want to see a rejection this trade is invalide then for me. When I go In I will let it know.
BLACKBULL:US30
by NuriGG
Short trade us30 from 12 novembre (PATIENCE IS KEY)Yesterday, I closed my trade around 43,300 as I believed the price was nearing a potential reversal. However as we can see now, the market has smashed straight through to my original take-profit (TP) zone. Here the lesson: It's crucial to always stick to your trading plan unless you have 100% confirmation that the market is reversing. Premature exits, like mine, might secure some profit, but they can leave substantial gains on the table. In this case, holding on with just a little more PATIENCE would have brought the trade to full potential. Why PATIENCE matters: 1. Avoid emotional decissions: reacting too early can cost you. Let the market prove its intentions before deviating from your plan. 2. Maximize profitabillity: let your TP be hit unless clear signs indicate a reversal. 3. Discipline equals succes: Sticking to your strategy, even during uncertainty, builds consistency over time. I still hold my XAGUSD (silver) , EURUSD, DOGECOIN and ofcourse XAUUSD(Gold) trade also. I will let u know.
BLACKBULL:US30
by NuriGG
US30 Trendline Breakout AnalysisRecently, US30 (the Dow Jones Industrial Average) broke through a key resistance trendline, signaling a potential shift in market momentum. Here’s why we think this breakout is significant and why the index may continue to rise: Positive Economic Indicators: Recent economic data has shown resilience, with strong corporate earnings reports and steady employment numbers, reducing fears of an imminent recession. These factors boost investor confidence, attracting buying pressure and supporting upward price movement. Lower Interest Rate Concerns: With inflation showing signs of cooling, the Federal Reserve may ease on aggressive rate hikes, which typically weigh on equities. The market often rallies when the outlook on interest rates is more favorable, as it lowers borrowing costs and encourages investment in riskier assets like equities. Technical Breakout Confirmation: The recent breach of the resistance trendline was supported by high trading volume, which often validates the strength of a breakout. Additionally, other technical indicators, such as moving averages and the Relative Strength Index (RSI), show bullish momentum, suggesting that the breakout is not a false signal. Market Sentiment and Risk Appetite: Investors appear to be shifting toward a "risk-on" mode, with increased demand for growth-oriented and blue-chip stocks in the US market. This shift in sentiment often leads to further gains in major indices like the US30, especially as it represents stable, high-performing companies. Seasonal Trends and Year-End Rally Potential: Historically, the end of the year often brings about a “Santa Claus rally” in equity markets, where stock prices trend upward due to favorable market sentiment and portfolio adjustments. This seasonal pattern may further support the US30’s upward trajectory as we approach the year-end.
BLACKBULL:US30Long
by US30EMPIRE
US30USD Will Fall! Sell! Take a look at our analysis for US30USD. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 42,066.9. The above observations make me that the market will inevitably achieve 41,539.1 level. 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. Like and subscribe and comment my ideas if you enjoy them!
OANDA:US30USDShort
by SignalProvider
1
Bullish bounce off pullback support?Dow Jones (US30) is falling towards the pivot and could bounce to the pullback resistance. Pivot: 41,894.89 1st Support: 41,497.27 1st Resistance: 42,478.07 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:US30Long
by ICmarkets
US30USD Will Go Higher From Support! Long! Here is our detailed technical review for US30USD. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 42,119.2. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 42,845.4 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
OANDA:US30USDLong
by SignalProvider
2
US30USD Will Move Higher! Long! Take a look at our analysis for US30USD. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 42,851.2. The above observations make me that the market will inevitably achieve 43,893.3 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
OANDA:US30USDLong
by SignalProvider
1
US30 Market Analysis (Sell Bias):US30 Market Analysis (Sell Bias): We are selling US30 due to key technical indicators pointing towards a potential downside move. The price is currently at strong resistance levels, where past price action has shown difficulty in breaking higher. In addition, the trend lines indicate a downward trajectory, and pivot points are aligning with this resistance, reinforcing the sell signal. The stochastic oscillator is also showing overbought conditions, suggesting the index is overextended and due for a pullback. With these factors in play, a sell position aligns well with the current technical setup.
BLACKBULL:US30Short
by US30EMPIRE