US30 trade ideas
LONG ON H1 TFOn an hourly timeframe price is expected to make a small correction back to the TP level on Phi
Trade safe, good luck
US30 4H - LONG TERMDow Jones Analysis - LONG TERM
Introduction
The market is showing signs of potential movement in both directions. The key levels are highlighted, and the invalidation points are clearly defined to manage risk effectively.
Market Expectation
Market Start: At the beginning of the market, I expect a move downward, followed by a failure to break below 42400, showing weakness in the market.
A subsequent bullish move is expected, targeting 43550, then a correction to 40600, followed by a final bullish surge toward 47000.
Invalidation Levels
A break below 42400 with confirmation would invalidate the initial bullish scenario and suggest further downside potential.
A failure to sustain above 43550 or a breakout below 40600 would invalidate the upward movement and signal further bearish pressure.
Trading Strategy
Entry: Enter near key reversal points and levels, with confirmation from indicators or price action.
Risk Management: Set stop loss at levels such as 42400 or 40600 depending on the trade direction to limit potential losses.
Conclusion
The key levels are established with clarity, and the expected movements in the Dow Jones are outlined. Traders should be cautious about the key support and resistance zones for better risk management and potential profit.
High-precision analyses, amazing results!
Elliot Wave Analysis -DOW JONES IND. AVG. (1932-2026)We have done a Loooooooong Term Elliot Wave Analysis starting from 1932 and maybe ending in 2026(or perhaps 2027).
If you see the chart in Normal scale, its parabolically going right up, and these type of moves are really bad for the market. So I have just tried to analyze the waves and hope it might help you to exit the markets at the right time.
Sayo Nara.................
Something is not right in Dow JonesSomething is wrong lately with the behavior of the Dow Jones index, which appears in the diagrammatic analysis as particularly weakened without having that upward spark that mainly distinguished it from last July until the end of November. Then, as reflected in the daily price chart, it is as if it ran out of fuel.
In fact, the picture has worsened further since it not only breathlessly crossed the medium-term upward channel "C" downwards, but also by the fact that it broke it downwards and when it went to reassess it by testing the lower line at 43,550 points, it crashed. This indication strengthens the scenario of a new downward movement towards the next important support level of 41,350 points.
Below there, we should revise the primary upward formation, thinking about a possible sharp decline even below the limit of 40,000 points. A strong change in the bearish scenario only with the bullish grab from the 43,550 to 44,000 level by the Bulls.
Among the companies that have recorded significant losses since the beginning of last December, reaching up to -16%, are notable names such as NIKE (NKE), Procter & Gamble (PG), Johnson & Johnson (JNJ), UnitedHealth Group (UNH) whose CEO Brian Thompson was shot and killed on December 4 in downtown Manhattan, Chevron (CVX) and Home Depot (HD). The only companies that have taken the uphill path are Boeing (BA), Amazon (AMZN) and the queen of global capitalizations Apple (AAPL).
US30 morning analysisBearish counts for US30 (DJI).
This count has impulsive price action from ATH of 45105.1 to pivot low of 42008.0.
Corrective price action off 42008.0 low, looks like a regular flat with wave (C) in progress.
Wave (C) would either complete a wave ((B)) or wave ((2)).
US30It should go down when it touches the resistance I marked above, but we should still wait for confirmation and see how it reacts.
US30 Bullish Play for the WeekUS30 hit my zones perfectly and I am excited for this week to be a continuation. I will be looking for another entry to this swing trade on the dips to 42.600-42.700 anything below 42.550 has potential to retest 42.250 which would suck ! Lol so let’s hope the whales are full and ready to leave this area.. next stop 43.500
Scenario: if scenario plays out the week will start bullish with a potential drop back into the KILL ZONE on Wednesday w the red folder news that day but afterwards buyers will clean all that liquidity back up and NFP Friday will propel it to the 1st major target 43.500 w the week closing very Bullish.
Will monitor the play through out the week and update accordingly but if it does close as predicted the following week will most likely be a continuation to the next Major Zone at 44.450 & beyond.
May the pips be in our Favor !
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).
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US30 gave a bullish intraday opportunity US30 Gave a nice bullish signal from the 42299 support level for a nice intraday opportunity.
Look for price to consolidate between the above mentioned support level and resistance level at 42900.
Look for intraday opportunities between these levels for profits until price decides to return overall bullish again.
Market Update - 2nd Trading Day of 2025US Equity Futures US equity futures were cautiously higher pre-bell Friday as traders searched for cues on the second trading day of 2025.
Dow Jones Industrial Average (DJIA) futures: +0.2%
S&P 500 futures: +0.2%
Nasdaq futures: +0.3%
Oil Prices Oil prices were lower, with front-month global benchmark North Sea Brent crude down 0.1% at $75.86 per barrel and US West Texas Intermediate crude down 0.1% at $73.06 per barrel.
Economic Indicator The Institute for Supply Management's Manufacturing index is scheduled for release at 10 am ET and is expected to come in at 48.2 for December, compared to 48.4 in November.
Dow Jones Analysis The Dow Jones Industrial Average (DJIA) cycled near familiar levels on the first trading day of 2025. Tepid intraday flows crimped hopes for a ‘Santa Claus rally’. Initial Jobless Claims improved but not enough to spark a firm risk-on bid. The DJIA fizzled on Thursday, kicking off the 2025 trading year with a flat performance and churning chart paper near 42,500. Equities were middling overall during the US market session, with early gains reversing through the day. The first week of 2025 remains thin on the economic calendar overall, though US ISM Manufacturing PMI survey results are due on Friday..
US30 Will Go Down! Short!
Please, check our technical outlook for US30.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 42,499.9.
Taking into consideration the structure & trend analysis, I believe that the market will reach 40,967.2 level soon.
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.
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DOWJONES Bearish iffollowing the rejection from 43400, the next support is 41650 which is a multi monthly candle consolidation area and where the trend from Oct 2023 is currently at, It's a major major area of support, if broken and confirmed below expect extreme downside price action to 36000
US30 Provided a nice intraday Short and will Likely ConsolidateUS30 Fell to the support at 42300 and is currently between that support and the resistance at level 42800. As a result look for short intraday trades as price consolidates between the two levels.
Price is currently showing another intraday opportunity to resistance at 42800.
Accumulation - price moving from Support to ResistancePrice seems to have broken out of an ascending channel
Forming a range just below our price channel
Currently price is pulling away from support heading for resistance levels
DOW JONES Bullish accumulation below the 1D MA50.Dow Jones (DJI) has been trading within a Channel Up since the July 18 High. Right now the price is consolidating between its bottom (Higher Lows trend-line) and the 1D MA50 (blue trend-line). At the same time, the 1D RSI breached the oversold barrier (30.00) and rebounded.
This trading sequence has presented the most efficient buy opportunity since April 19 2024 and the even though all Bullish Legs that followed have been a little over +8.00%, the weakest one has been +7.63%. As a result, our current Bullish Leg Target of 45235 is formulated out of that minimum.
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US30 LONG ROCKET!!US30 is set for a large move up as the corrective Wave B will now start. Price target is 44000
