SHORT DOWOver extended trump trade, buys around 43,30 - 42,90 people get too manipulated by the idea of trump for stocks and stocks just go one way!
US30 trade ideas
Dow Jones Wave Analysis 11 November 2024
- Dow Jones rising inside impulse wave 5
- Likely to reach resistance level 45000.00
Dow Jones index continues to rise inside the minor impulse wave 5, which previously broke the key resistance level 43500.00 and the resistance trendline of the daily up channel from August.
The active impulse wave 5 belongs to the weekly upward impulse sequence (C) from April of this year.
Given the clear weekly uptrend, Dow Jones index can be expected to rise to the next resistance level 45000.00 (target price for the completion of the active impulse wave 5).
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.
Dow Jones index probabilitiesThe possibility of a fall in American economic indices in the long term is painful, but in the short term, investors will inject liquidity into the indices and there is a possibility of an increase again.
Sasha Charkhchian
11-11 US30: after the elections there is clarity for the shares. because of that there is an uptrend going on the indexes. we have placed a buy at 44530.0. we see no obstacle in taking this position but we are cautious. Our trade system gives the following score: +5 consisting of Cot Data 2, Retail sentiment -1, Seasonality 2, Trend reading 2, GDP -1, Manufacturing PMI -1, Services PMI 1, Retail Sales 1, Inflation 2, Employment Change -1 Unemployment Rate 0,
Interest Rates -1
Dow Jones temporary price reductionIn the continuation of the long-term rise of the Dow Jones, after the price correction and the temporary decrease in the price of each share, we can expect an increase in the price along with an increase in liquidity.
Sasha Charkhchian
Dow Jones Potential UpsidesHey Traders, in today's trading session we are monitoring US30 for a buying opportunity around 43900 zone, Dow Jones is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 43900 support and resistance area.
Trade safe, Joe.
Dow JonesDJI - Dow Jones
Completed " 12345 " Impulsive Waves. Bullish Channel as an corrective pattern in short time frame and rejection from Upper Trend Line at Fibonacci Level - 261.8%. Strong Divergence with Break of Structure
Selling outlookWe are looking at sell opportunities targeting the recently broken higher time frame swing high level, an acceleration in price to be expected towards this level as break and test retail traders will be opening buy positions to push price to the upside.
We are selling against the late buyers given that the DXY is gaining strength and the drop in Gold price is the greatest signal we can use in our advantage at the moment.
Dow Jones Priced in GoldUS Equities (priced in gold) aren't quite done yet.
Just a massive range for the past 10 years...
#gold #djia #spx #stocks #inflation #recession
Bearish Correction Expected with Key Bullish Trigger at 44270Technical Analysis
The price has increased by approximately +5.20% over the past week.
Today, a corrective move toward 43900 is expected, with a break below 43760 potentially signaling a bearish trend targeting 43350.
Alternatively, a break above 44270 would open a new bullish phase, aiming for 44400 and 44600.
Key Levels:
Pivot Point: 44270
Resistance Levels: 44400, 44600
Support Levels: 43900, 43760, 43350
Trend Outlook:
Bearish Correction toward 43900
Bullish Continuation above 44270
previous idea:
US30 Will Go Up From Support! Buy!
Here is our detailed technical review for US30.
Time Frame: 17h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 44,172.7.
Considering the today's price action, probabilities will be high to see a movement to 44,971.3.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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US30_Bull RunTECHNICAL OUTLOOK AT 4H:
1. No Divergence yet
2. 0.5 Fib level retracement
3. ABCD Pattern
TRADE PLAN:
Keep buying at Dips and ride it till the Projected value of 44,970.
US30 / TRADING INSIDE ASCENDING CHANNEL / 4HUS30 / 4H TIME FRAME
HELLO TRADERS
Current Price Trends:
Following Trump’s win, the US30 index rose by 4.90% , The index is now testing historical peak levels around 44,045, with a potential to reach 44,532 if the upward trend holds.
Technical Levels and Price Action:
The analysis suggests that if prices stay below a certain “ascending channel line,” it could indicate weakness, possibly leading to a decline , The first potential downside target is a “Fair Value Gap” (FVG) between 43,381 and 42,984 , If prices break this zone, further declines could target another FVG range between 42,716 and 42,335.
Trend Confirmation:
If the price remains below the second FVG zone, it might confirm a downtrend , Conversely, if it stays above these levels, it suggests potential for a continued increase.
SELL probability on US30SELL probability
@ the crossunder/closers below
44.060
SL -- 44.100
(( SELL prob. again below 44.140 with + - 100points SL ))
TP ¹ -- 44.000
(( Watch if reversal to entry with W%R ))
TP ² -- 43.900
(( REVERSAL ))
TP ³ -- 43.800
(( Friday lows max ))
HappyTradingWeek
Blacc Tone StrategyThis video is my first on chart self recording video. so don't expect to much , just chill and listen and know that my actions must speak louder then my words 💯
Euphoria LONG for TARGET area 49-52kBased on the long term analysis market could probably top in coming months which are seasonaly strong periods for the markets called as Santa Claus rallies and early beginning of the next year in 49-52k area we could reach some turnaround point. We are now still in very nice and strong uptrend when buy on pullback is reasonable still but based on funds massive long exposure which is unprecedent I expect we are coming to the last euphoria stage for markets which may rocket the price to 50k area. I am cautios and will be looking for short entry opportunities then. Now targeting long entries.
Us30 MonthlyFrom the point of view of price action analysis, the general trend of the Dow Jones index is bullish. But the short-term trend of the market is expected to be downward. Therefore, the price can go down to the range of 43300, the range of 44400 is the local range for Dow Jones, which by rejecting it, it can move up to 4700 with minor corrections.
US30 H1The Dow Jones closed the week with a sharp overbought and accordingly we are waiting for a long correction
We are looking to buy from the 43300 levels
With targets at the 43900 level
Second target: 44500
Our stop is the closing of an hourly candle below the 43000 levels
Dow Jones 11 Nov 2024 ForecastThis is my forecast for next week's DOW JONES markets, we have been seeing a significant and consistent rise in price, but i presume price might reach back for a fair valuation before pushing higher more so that we have passed the elections buzz
KEEP LONG ENTRIES FOR NEXT TOP AT 46500We will move our pivot point up from previous pivot, target price is 46500, timezone is marked between 2nd to 23rd December 2024 to align with the top. Price and time are growing out in well structured Phi models and we expect that if 46500 price is reached within the marked timezone then a strong market correction will follow.
Although our actual projection for the major market top still remains at 27th October 2025 we expect that markets will begin to stall if price reaches the 46500 price level earlier.
Trade safe
Bullish continuationUpon anticipating a bearish reversal, the index bounced off a previous resistance at 43.890 and rose further. The index will likely expand until the upward momentum gradually starts declining.
Election Year Cycle & Stock Market Returns - VisualisedIn this chart, we're analysing the open value of the week the US election took place and comparing it to the open of the following election, showing the gain (or loss) in value between each election cycle.
Historically we can see prices in the Dow Jones Industrials Index tend to appreciate the week the election is held. Only twice has the return between the cycles produced a negative return.
Buying stocks on election day, 8 out of 10 times has yielded a profitable return between the election cycles. 80% of the time in the past 40 years returning a profit, has so far been a good strategy to take.
The typical cycle starts with the election results, an immediate positive movement and continued growth before finishing positive.
The Outliers
2000-2004 was the only year which ended negative without prices going higher than the election day.
2004-2008 increased 41.84% before ending negative.
2008-2012 began the cycle falling 30.62% before finishing positive.
The names of presidents who won their respective elections is to visualise who had the presidential term during that specific cycle.
