US30 trade ideas
Fed Minutes & Jackson Hole Speech Set Stage for Market Movement
Market Outlook:
Minutes from the Fed's July policy meeting are due later today, followed by Chair Jerome Powell's speech at the Jackson Hole economic symposium on Friday. Market participants expect Powell to hint at a potential rate cut in September, though any emphasis on persistent inflation could dampen investor sentiment. According to the CME's FedWatch tool, there is currently a 69.5% probability of a 25 basis-point cut and a 30.5% chance of a more aggressive 50 basis-point reduction.
Current Technical Outlook:
The trend suggests a potential upward movement as long as the price stays above 40,800. The market is expected to consolidate between 41,030 and 40,850 until a breakout occurs.
Bullish Scenario:
If the price trades above 40,850, it could drive an increase toward 41,030, with further gains potentially leading to 41,345.
Bearish Scenario:
Should the price reverse and stabilize below the pivot line at 40,800, a bearish trend may emerge, targeting 40,480 and 40,320.
Key Levels:
Pivot Line: 40860
Resistance Lines: 41030, 41345, 41600
Support Lines: 40700, 40500, 40330
Expected Trading Range Today:
The price is likely to fluctuate between support at 40800 and resistance at 41130.
Trend: Upward movement.
DJIA H4 | Heading into swing-high resistanceDJIA (US30) is rising towards a swing-high resistance and could potentially reverse off this level to drop lower.
Sell entry is at 41,032.64 which is a swing-high resistance.
Stop loss is at 41,523.00 which is a level that sits above a swing-high resistance at the all-time high.
Take profit is at 40,417.18 which is a pullback support.
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The analysis of the DJI index by the Mallicast teamConsidering that indices typically exhibit an upward trend on higher time frames and are among the best choices for investment, the Mallicast team has identified the re-entry point for a buy trade at the price gap around 40298.30. They forecast the target for this upward move at 43586.25.
Possibility of uptrend The uptrend is expected to advance to the specified resistance range. Then there will be a possibility of changing the trend.
If the index crosses the support range, it will be possible to continue the correction process
US3015min bullish range, we are at htf OB, might be chance of swing high, need MSS to confirm on htf
Bullish momentum to extend?DJ30 is falling towards the support level which is a pullback support that lines up with the 23.6% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 40,513.44
Why we like it:
There is a pullback support that lines up with the 23.6% Fibonacci retracement.
Stop loss: 40,044.69
Why we like it:
There is a support level which aligns with the 50% Fibonacci retracement.
Take profit: 41,097.91
Why we like it:
There is a pullback resistance.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Bulls game over today 39000 incoming Short from 41000 Tp 39000..See you at 39000 .. Good luck and safe trade
US30Currently on US30 on the daily timeframe price has just taken out the previous day high which means we will now we heading for those lows and on the 4hour timeframe the 0200hrs candlestick swept the liquidity of the previous day high also turtle souping the previous 4hr candlestick making high of the day, now we will be heading for those lows.
buy position on us30The buy position on the Dow Jones symbol is increased with a personal setup and according to the 30-minute block order
DOW JONES Don't lose sight of the great picture. Still bullish.Last week, while Dow Jones (DJI) was still under its 1D MA50, we called for a major rally, as technically the 5-month Channel Up has just priced its new Higher Low:
The index has now almost reached the Target of the first Bullish Leg of this pattern, pointing to a potential relief next.
On the larger picture however (1M time-frame), we had posted an article named 'Secret Cycles' on April 12 2024 (see chart below), during Dow Jones' previous pull-back that again inflicted fear in the markets, calling for a strong buy:
It is this chart that we revisit and expand up today, as we don't think the long-term trend has changed. We want to maintain a clear long-term perspective and following August's massive recovery 1M candle, we believe that Dow will enter by Q4 2024, the final stage (rally) of its current Cycle.
That has historically been 1 year at least, so as long as the index keeps holding and closing the monthly candles above the 1M MA50 (red trend-line), we will continue buying all monthly dips. Our 48850 long-term Target is intact.
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Resistance is ahead! Can the Dow Jones make a break through?
The index is clearly demonstrating a strong upward trend, consistently achieving higher highs and higher lows.
During this upward movement, it previously established a bullish Pole & Flag pattern, and after breaking out, the index has continued to rise.
At present, the index is trading just beneath its next resistance level.
If the Dow Jones manage to break through and hold above this breakout point, it is likely to initiate a new rally.
Sell US30 now Market is looking to retest price level 40917.64 we setting to correct the previous Fib retracement low for a 🐻 bearish movement...
Traders can set trades for a sell till price target
Equities Climb Ahead of Earnings and Jackson Hole SymposiumEquities Rise as Traders Await This Week's Earnings, Jackson Hole Symposium
Current Outlook:
The trend suggests a potential upward movement as long as the price stays above 40,800. However, consolidation is expected between 41,030 and 40,800 until a breakout occurs.
Bullish Scenario:
Trading above 40800 will likely support a rise towards 41030 and above it will get 41340.
Bearish Scenario:
If the price reverses and stabilizes below the pivot line at 40800, a bearish trend may develop, targeting 40480 and 40320.
Key Levels:
- Pivot Line: 40800
- Resistance Levels: 41030, 41340, 41600
- Support Levels: 40650, 40480, 40320
Today's Expected Trading Range:
The price is anticipated to fluctuate between support at 40800 and resistance at 41130.
Tendency: Upward Movement
US30 Will Go Higher From Support! Buy!
Please, check our technical outlook for US30.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 40,911.45.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 42,000.59 level.
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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Additional rebound in US30 remains possible
US30 is showing a continuous uptrend as expectations for the US economy arise, along with the anticipation that Chairman Powell may provide clues about rate cuts at the Jackson Hole meeting. Goldman Sachs lowered its 12-month recession probability for the US economy from 25% to 20% following the release of July retail sales and jobless claims data.
The current market consensus is that the August employment report will determine future US30 price movements. Morgan Stanley stressed that the report's outcome will be the real test for the market, warning that a report showing weak employment would reignite growth concerns.
US30 quickly breached EMAs and continued its uptrend, rising above the trendline. The index needs an additional price trigger to retest its highs, but the current positive trend is expected to continue for the time being.
If US30 sustains support above the trendline, the index may gain upward momentum toward the 41500 high. Conversely, if US30 is pushed below the trendline and fails to hold above EMAs, the price may break the 39300 support and fall further to the 38000 level.
US30 BUY NOW!!!!!!US30 just broke the rotated rectangle heading a strong buying pressure to create an fvg zone for a retest and good uptrend opportunity to buy side to sweep liquidity to create new highs
My goal target is 42k
Am in on buys.......
Hellena | DJI (4H): Long to resistance area 41000.Dear Colleagues, because the big wave “4” (38549) has completed, now I believe that the price is in wave “5”. This means that the price probably has not yet completed the upward movement. I expect a small correction, then a continuation of the upward movement at least to the 40900-41000 area.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
