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US30 trade ideas

DOW JONES Pull-back possible but maintain long-term perspectiveA little more than 2 months ago (July 25, see chart below) we argued that Dow Jones' (DJI) correction wasn't over and called for a deeper buy, setting then a long-term Target of 42400: The Target got finally hit on Friday, giving us an excellent risk/ reward ratio on our investment. As however the price almost reached the top of the 2-year Channel Up, we have to issue a warning for a potential short-term correction. The 1D MA50 (blue trend-line) has successfully supported on September 11 last time and won't be odd to see another re-test after almost a month. The similarities after all between the first part of the 2-year Channel Up and the second (the one we're currently in) are still noticeable and on 1D RSI terms we may be symmetrically around the November 20 2023 level. However, we may see this time the Channel Up break to the upside for the first time after the elections. Regardless of the short-term volatility, our medium-term Target as we will be heading into December is 44500. That is the 2.5 Fibonacci extension, similar to where the April 01 High was priced. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US30
by TradingShot
US30 H4 - Short SignalUS30 H4 More exhaustion being seen here today, with the dump yesterday of 300-400 points, we are straight back into our sell zone, but we aren't trading much higher than when we started yesterday. That being said, US100 is trading higher, which throws a slight spanner in the works. As long as US30 isn't setting new highs, the DXY is trading above 100 to 101 price, we are still focussed on seeing if we can catch a downside move across stock indices. US100 analysis to follow, but as we mentioned yesterday, we need to see the break and retest to the downside first, to give us the confirmation we desire. With US30, we could argue we already have it.
BLACKBULL:US30Short
by Trade_Simple_FX
US30 - Bearish Momentum Awaits Key Break Below 42290Technical Outlook: The price must break below 42,290 to initiate a bearish trend, targeting 42,080, with a potential decline to 41,770 if further weakness persists. Alternatively, the price may consolidate within the range of 42,290 to 42,450. A sustained break above 42,450 with a 4-hour candle close will reinforce bullish momentum, aiming for 42,810 and potentially extending to 43,040. Key Levels: Pivot Point: 42290 Resistance Levels: 42450, 42700, 43040 Support Levels: 42080, 41960, 41770 Trend Outlook: Bearish by breaking 42290 Bullish by breaking 42445
OANDA:US30USDShort
by SroshMayi
US30 (DowJones) - Daily Bearish SetupThe BLACKBULL:US30 index experienced a bullish spike, followed by a period of consolidation within a bullish channel. However, after a fake breakout above the upper boundary of this channel, it appears that the index could be poised for a downward correction. Based on the technical analysis, a fall toward the lower boundary of the channel is expected, providing traders with potential shorting opportunities in the near term. Fundamentally, stock market volatility tends to rise during September, a historically weak month for stocks. This pattern is often attributed to traders returning from summer vacations, rebalancing portfolios, and increased bond offerings, which divert capital away from equities. In 2024, this volatility is further exacerbated by uncertainty around the Federal Reserve’s rate decisions and the upcoming U.S. presidential election. Investors are closely watching labor market data, inflation trends, and the Fed’s stance on potential rate cuts, all of which could impact market sentiment and drive further fluctuations in stock prices. With the TVC:DJI at the top of the bullish channel and signs of weakness after the fake breakout, a pullback to the lower end of the channel seems likely. Traders should stay cautious and monitor key economic events and technical signals for opportunities to re-enter positions at more favorable levels.
BLACKBULL:US30Short
by Sober_Trading
3
I want to hear from you, would you prefer a timezone shift?Forex and Euro indices have been this season's treat For those who would like to trade them too, would you prefer I shift these video updates to the morning (GMT morning?) As there are no more live streams available on tradingview I cant speak to live markets as they are happening, and with Dow Jones its sometimes hard to confirm the turning point until after the High Frequency bots have done their crazy dance Also, I love this game and I have a ton of valuable experience behind me. If you are someone serious about trading reach out to me and I'll help where I can
CAPITALCOM:US30
by Blayno_MTOPS
US30 Potential BuyTrade Idea: Buy US30 at 42,225 I'm looking to buy US30 around the 42,225 area due to a noticeable increase in bullish pressure. This zone appears to be a potential support level, aligning with recent price action on the 1-hour chart. Targets: - Target 1: 42,246 - Target 2: 42,270 - Extended Target 3: 42,290 Stop Loss: Set a stop loss around 80-90 pips from your entry point. However, I recommend adjusting your stop loss based on your account size and risk tolerance. Always ensure to manage your risk accordingly if you decide to enter. This is not financial advice.
PEPPERSTONE:US30Long
by BluezFxTraders
2
DJIA H1 | Potential bullish bounce off overlap supportDJIA (US30) is trading close to an overlap support and could potentially bounce off this level to climb higher. Buy entry is at 42,337.84 which is an overlap support that aligns with the 50.0% Fibonacci retracement level. Stop loss is at 42,100.00 which is a level that lies underneath a pullback support and the 61.8% Fibonacci retracement level. Take profit is at 42,720.14 which is a swing-high resistance at the all-time high. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 59% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
FX:US30Long
by FXCM
Dow Made a Parabolic Move: Did You See the Signs? The Dow made an unsustainable Parabolic Arc that is a giant U-shaped pattern on Friday, September 27. Did you see the signs? I missed some of them, which lead to a much closer look at what price action moves lead up to a highly volatile ascent and steep drop that's also known as a "Pump and Dump". The Parabolic move followed typical behaviors that can be seen through price action without needing any indicators. It happened in phases over 3-days, from September 25 - 27: 1. Day 1: A Peak High formed. 2. Day 1 - 2: Valley Low followed. 3. Day 2 - 3: Consolidation between the Peak High and Valley Low. Price action made stair-step moves that created a S&R Zone. Traders also refer to these moves as making multiple bases. An average number of bases is 3 - 4 during a parabolic move. The long consolidation can confuse many traders, including myself, because of no breakout from the Zone happened, especially to the downside. There was strong anticipation for a drop. 4. Day 3: A Triple Inside Day showed up to represent the tight "coiling" action from the consolidation to eventually spring out in an EXPLOSIVE move. The Triple Inside Day pattern that was part of the consolidation was a big giveaway of what's to come. 5. Day 3: A pullback from the consolidation, but was more like a fakeout to trap traders with the Trendbar Reversal, that often leads to no follow through by the bears to really drop. The second, opposing bar within the pattern is a setup for a reversal to the upside. Many traders get fooled by this pattern and drop out at this point, right before the long rally starts. 6. Day 3: Ascending Channel (also called a "Parabolic Channel") formed that is typical after a pullback to the downside before the greater ascent. 7. Day 3: Steep Vertical Ascent with a bullish bar that is 240 tics tall - an Exhaustion Phase. 8. Day 3: Reversal to the downside (that is comparable to or exceeds in length to the steep ascent) from the formation of an Evening Star. The Parabolic move ended with a steep, vertical descent. ______________________________________________ *Citation of Resources: - Jet Toyco - FX Open - Pips 2 Profit - Top 1 Markets
BLACKBULL:US30Education
by beyond50
2
A simple RSI Point Of ViewAnalyzing RSI Divergence in US30: Is a Bear Market or Crash on the Horizon? The Dow Jones Industrial Average (US30) is a key indicator for global markets. Recently, a warning sign has emerged with a divergence in the Relative Strength Index (RSI) observed from July 16, 2024, to September 27, 2024. This divergence, along with high trading volume, raises concerns about a potential market shift. Analysts are comparing this situation to past financial crises, leading to questions about a possible bear market or crash. Understanding RSI Divergence in US30 The Relative Strength Index (RSI) measures price momentum. A bearish divergence occurs when prices make a new high but the RSI does not, indicating weakening momentum. Between July and September 2024, US30 showed this divergence: prices reached a higher high, but the RSI formed a lower high, suggesting a loss of buying strength and potential price declines. Additionally, the daily chart shows a lower high in US30 price and a higher low in the RSI, reinforcing the notion of weakening upward momentum. Is a Bear Market or Another "Black Thursday" Looming? The current divergence in US30, along with historical comparisons, signals warning signs. However, it remains uncertain whether this will lead to a bear market (a sustained decline of 20% or more) or a major market crash. Several factors could influence the outcome: - Macroeconomic Conditions: High inflation, rising interest rates, and geopolitical tensions may exacerbate the divergence. - Investor Sentiment: Panic among investors could lead to increased selling and sharper declines. - External Shocks: Global events like financial instability or political turmoil could further destabilize the market. Conclusion and Daily Chart Analysis The RSI divergence in US30 from July to September 2024 is a significant development that warrants attention. The daily chart reveals weakening momentum, with a lower high in price and a higher low in the RSI, indicating a higher risk of market correction or downturn. While it is uncertain whether this will lead to a bear market or crash, traders and investors should stay alert and consider adjusting their portfolios. This is not financial advice. Always conduct your own research and consult with a financial advisor before making investment decisions.
BLACKBULL:US30
by Dr-AJE
1
US30 View!!* The Dow Jones Industrial Average ended at 42,313.00 on Friday, compared with 42,063.36 a week ago. The Nasdaq Composite closed at 18,119.59 versus 17,948.32 a week prior, and the S&P 500 finished at 5,738.17 compared with 5,702.55 a week earlier. Basic materials, the home to industries such as aluminum, building materials, and copper, topped the US sector charts. * In Beijing on Thursday, the nation's Politburo vowed the "necessary fiscal spending" required to reach its annual 5% gross domestic product growth target and to support property markets after recent monetary easing moves by the People's Bank of China.
FX:US30Long
by FXBANkthe8055