Recap of my DJ30 ID breakdown trade todayDJ30 with a very bearish chart, all timeframes aligning bearish and an ID breakdown continuation setup... melting away from the open
US30 trade ideas
US30 - FAKE BREAKOUTHello Traders !
The Dow Jones Index failed to create a new ATH.
Currently, The support line is broken
The Higher low was also broken (change of character).
So, I expect a bearish move📉
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TARGET: 39965.00🎯
CPI Report to Drive Market Volatility with Bullish PotentialU.S. Futures Poised for Volatility as CPI Report Looms, Focus on Bullish Trend
U.S. futures remain stable as markets await the much-anticipated CPI report, with the outcome expected to have a significant impact on market movements. Current projections suggest the CPI will come in around 2.5%, indicating a weakening USD, which could drive indices into a strong bullish trend. However, if the CPI exceeds 2.7% or 2.8%, market movements could become unpredictable, with a potential downward shift.
The price has retested its support level, as previously noted. For today, volatility is expected, with a greater focus on an uptrend, assuming the CPI result aligns with the 2.5% forecast. Stability above 40,470 will likely support a rise towards 40,790 and 41,030, with further potential depending on the CPI data. In the bearish scenario, if the CPI exceeds 2.8%, a downtrend toward the levels identified in the chart could materialize.
Key Levels:
Pivot Point: 40650
Resistance Levels: 40790, 41030, 41180
Support Levels: 40320, 40010, 39900
Expected Trading Range: 40320 - 41030
Trend: Bullish while above 40470.
US30 9/11/24💹 Indices:
👁️ Outlook
30m Context Time Frame: Price has been breaking bullish. Currently Re-accumulating under 40757.1
Daly Bias: Bullish/Longs
Tokyo: Distribution
London: Manipulation taking out Tokyo Lows
New York: Manipulation taking out London Lows. Expecting NY longs out of NY.
Keeping an eye on this. 👁️
Change of Character on US30 - Bearish Opportunity Insighthe previous trend on US30 was notably bullish. However, we've identified a significant shift in market sentiment, as a strong red candle closed below the prior support level, signaling a potential change of character in the market. We will now await a retracement back to the optimum zone within the Fair Value Gap (FVG) on the daily timeframe. Upon confirmation of this retest, a short position may present itself as a viable opportunity in alignment with the new bearish outlook. This setup highlights the importance of patience in awaiting confirmations for high-probability trades.
DOW JONES Nothing has changed. Bull trend intact and eyes 48000.Dow Jones (DJI) is having yet again short-term volatility following the August 30 All Time High (ATH), but as we explained last week this is natural, since the medium-term Channel Up hit its top and was looking for the 1D MA50 for buyers and a Higher Low potentially a little lower.
On the longer term though, the trend is intact and is heavily bullish. The 1W MA50 (blue trend-line) is holding and as long as it supports, there is no evidence showing a correction. In fact, this is the exact same pattern that the index has been following since the 2009 bottom of the U.S. Housing Crisis.
As you can see on this 1W chart, the market first bottoms on the 1W MA200 (orange trend-line) and starts a recovery phase by breaking above the 1W MA50. After a lengthy consolidation on it with a few tests (to confirm it as Support), it enters a structured Channel Up until the Cycle's peak. The first two Cycles rose by exactly +75% from their bottom to top, while the COVID one peaked at +70%.
As a result, assuming a minimum +70% rise for this Cycle also, we can target at least 48000. It appears that the index is currently past half-way through the Cycle, already within the standard Channel Up.
In addition, you can observe the similarities between the Cycles on the 1W RSI fractals as well, which tend to 'cool down' once this Channel Up starts forming.
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GER40, We missed the opportunity but found opportunity againEarlier I missed out a good entry for DAX40, we suppose to get in at 18283.10, the 1st target would be hit.
However, we found an opportunity to re-enter the trade 18347.10 - again we wait for confirmation once the price are reversal.
However if we able to re-entry again at 18275, our stop loss will set at 18185.70 with target at 18293 and 18413.1 & 18449.6
Possibility of correction It is expected that the continuation of the downward trend will be formed until the previous bottom range, then according to the behavior of the price in the support range, the continuation of the movement trend will be according to the specified paths.
Trend following Sell on Us30Before you comment kindly read>
Entry: Price is between 50 and 20 period RSI
Close: When we violate the 50 period MA, When the RSI is over sold
management: its a trailing stop trade on the 50 period MA
SHORT US30 HAS BEEN PREPAREDTeam, we have been prepare to SHORT US30/DOW at the current market price
Why do we enter the short before the CPI. It a good psychology that the market would expect poor data come out base on last Friday sell off. Similar market expectation.
Short position at 40725-15 , with stop loss at 40779.80
Target at 40592.70
US30 Equity Investors Eye Inflation Data as Dow Jones Tests Key
US Equity Investors to Focus on Inflation Tomorrow to Guage Depth of Potential Fed Rate Cuts
US equity investors will focus on the consumer and wholesale price inflation data this week to assess the extent of forthcoming interest-rate cuts in September.
The Dow Jones is attempting to correct down to 40,670 before potentially pushing upward again towards 41,030. If it breaks below 40,670, it could continue toward the trend line at around 40,470. However, if the price stabilizes above 40,670, the uptrend towards 41,030 is likely to resume. The bearish zone will be confirmed with a break below 40,470.
Key Levels:
Pivot Point: 40760
Resistance Levels: 41030, 41180, 41340
Support Levels: 40670, 40470, 40320
Expected Trading Range: 41180 - 40670
Trend: Bullish while above 40670.
dow jones continues to fall?Due to the support in the range of 40548, after breaking this zone, expect a drop to the range of 40036 Otherwise, after breaking the resistance range of 41135, we can expect this index to rise to the range of 41433 and 41611.
US30: First green dayHi everyone and welcome to my channel, please don’t forget to support all my work subscribing and liking my post, and for any question leave me a comment, I will be more than happy to help you!
“Trade setups, not movements”
1. DAY OF THE WEEK (Failed Breakout, False Break, Range Expansion)
Monday DAY 1 Opening Range
Tuesday DAY 2 Initial Balance ✅
Wednesday DAY 3 (reset DAY 1) Mid Point Week
Thursday DAY 2
Friday DAY 3 Closing Range
2. SIGNAL DAY
First Red Day
First Green Day ✅
3 Days Long Breakout
3 Days Short Breakout
Inside Day
3. WEEKLY TEMPLATE
Pump&Dump
Dump&Pump ✅
Frontside ✅
Backside
4. THESIS:
Long: primary, the previous week was mostly a bearish market, Friday failed breakout and the higher high of yesterday can drive in a potential dump and pump scenario, if setup correctly. After the HH, the market dump and currently consolidating below the closing price. Watching for buy low if it holds till NYO 9:30am
Short: secondary, yesterday was however a pumping day, I cannot exclude the scenario where the retest of the current HOW failed and reverse. I don't see this market dropping down back to the LOW, at least not in the configuration of today template.
Please note that the purpose of my analysis is to help me and you hunting the best trade setup for the day, none of my technical aspects are a way to forecast any directional market movement.
Gianni
US30 Sell ShortThe biggest Us30 will be happening soon we need to make sure we are part of it. Our next target is on monthly. Around 2000+ Pips target. Lets wait for a perfect entry the we jump in lets not worry about CPI we already know the major direction let us stick on that.
BULLS CALLINGThe 4-hour chart for the US30 (Dow Jones Industrial Average) shows a recent uptrend, with prices moving within a day’s range of 40,518 to 41,000, and hitting a high around 41,000. Currently, the index is showing mixed signals. Some technical indicators suggest overbought conditions, with the Stochastic Oscillator (STOCH) and Williams %R signaling overbought status. However, other indicators like the RSI are neutral, sitting around 53.23, which indicates no strong momentum either way.
On the moving averages side, short-term signals like the 10-day and 20-day moving averages are in a “buy” zone, supporting upward momentum. We will see this continue going up
Idea For US30Please note this is just a play that i will be looking at in the next comming day or 2 happy trading
IAM
H4 US30 BUY IDEAWait for OB to be obeyed.
Take entries upon H4 Break Retest of the OB with Break Retest entries on M1-M4
Trading time:
6:42-8AM,
8:42-10AM,
1042-12 NOON,
1642-18PM
1842-20PM EAT
Entry timeframe:
M1 to M4.
Risk up to 0.5% per entry.
SL 30 pips or 30-60 pips for entries held past 20 PM EAT and haven't hit RR3.
Move SL from 60 pips back to 30 at 9AM EAT.
Swing Targets
43877
47160
US30 outlook Bears are finally in the market, we see this with a change of character at 41130. We have equal two sets of equal highs where liquidity is resting. The better preferred EQH I would like to see being swept is at 41130. Once this sweep occurs (around 41200), I will then be interested in selling from that level.
SHORT ON DOW/US30 We are entering the SHORT on DOW/US30 at 40776,
with stop loss at 40881.80
and target at 40643.70,
TRIAL STOP LOSS to BE after the price reaching at 40736.70
US30 | Trade ideaKey Points:
Tesla: Shares fell 1.6% after a report that the company plans to produce a six-seat Model Y in China by late 2025.
Boeing: Dropped 7.3% following a downgrade from Wells Fargo to "underweight" from "equal weight."
Nvidia: Slumped nearly 10%, wiping out a record $279 billion in market value, marking the largest single-day decline for a U.S. company.
U.S. Manufacturing: Edged up in August from an eight-month low but remained subdued, according to ISM data.
Market Performance:
S&P 500 fell 2.1%
Nasdaq dropped 3.3%
Dow declined 1.5%
This marks the biggest daily percentage decline for these indexes since early August.
Nine out of 11 S&P 500 sectors fell, with technology, energy, communication services, and materials leading the decline.
Market Sentiment: Weakened amid concerns about the Federal Reserve’s interest rate decisions, with September being historically one of the worst months for stock market performance.
Volatility: The CBOE Volatility Index (VIX) jumped 33.2% to 20.72, the highest close since early August.
Trading Volume: Totaled 12.14 billion shares across U.S. exchanges, above the 20-day moving average of nearly 11 billion.
Labor Market: Traders are awaiting labor market reports ahead of the August non-farm payrolls data.
Fed Meeting: Scheduled for Sept. 17-18, with a 63% chance of a 25-basis point rate cut and a 37% chance of a 50-basis point cut, according to the CME FedWatch Tool.
Market Breadth: On the NYSE, declining issues outnumbered advancers by 2.52-to-1, while on the Nasdaq, decliners outnumbered advancers by 3.5-to-1.
US30 9/10/24💹Indices:
👁️ Outlook
Daly Bias: Bullish
Tokyo: Consolidation
London: Manipulation/Distribution taking out Tokyo Lows
New York: Manipulation into Accumulation/Continuation into the upside
Of course bias can still change since we have the privilege to see what London did before NY session.
