Dow Jones (DJI) gave a solid short-term sell signal on the MACD Bearish Cross last time we analyzed it on the 4H time-frame (April 24, see chart below): Similarly, it is flashing a strong buy signal now after the 0.236 Fibonacci rebound that keeps the price action above the 4H MA50 (blue trend-line), in similar fashion as September 14 2023. The 4H MACD even...
DJIA (US30) has made a bearish reaction off the pivot which has been identified as an overlap resistance. Could this index continue falling towards the 1st support? Pivot: 67,959.86 1st Support: 64,549.56 1st Resistance: 71,123.59 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can...
DJIA (US30) is rising towards the pivot which has been identified as an overlap resistance. Could this index stall around this level before potentially reversing to drop lower? Pivot: 38,546.69 1st Support: 38,025.73 1st Resistance: 39,042.57 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with...
PEPPERSTONE:US30 It may go down a little further, but it is now in the support zone. Looking for a swing trade here to about the 61.8% Fibonacci Retracement. RSI is oversold.
Dow Jones (DJI) hit the 38050 Target that we set on our last bearish call (March 28, see chart below) and broke below Support 1 (February 13 Low) and the 1D MA100 (green trend-line): The price now faces more selling pressure being below two MA periods and with the long-term Channel Up (started on the October 13 2022 bottom), having considerable downside to...
DJIA (US30) has made a bullish reaction off the pivot and could potentially rise towards the 1st resistance. Pivot: 37,672.13 1st Support: 37,164.30 1st Resistance: 38,025.73 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable...
AMEX:DJIA break below 39000 opened a new bearish wave cycles near-term and possibly long-term
DJIA (US30) is exhibiting strong bearish momentum and could potentially extend this current downtrend. Sell entry is at 37,770.60 which is a potential breakout level ( wait for 1-hour candle to close below 37,770.62 for confirmation ). Stop loss is at 38,100.00 which is a level that sits above a pullback resistance. Take profit is at 37,175.41 which is a...
On this analysis we examine the Dow Jones index (DJI) from the longer term perspective of the 1M time-frame. A lot of market participants has started to get nervous because of this month's pull-back and this is the best way to keep a calm mindset and view the price action objectively. In order to see if the market has a legitimate reason to panic or not, the...
Dow Jones (DJI) gave us an excellent sell entry following our last analysis (March 28, see chart below) as it got rejected and made a bearish reversal exactly where we expected it to: Last Thursday it even broke below the 1D MA50 (red trend-line) for the first time in exactly 5 whole months (since November 03 2023)! This is a bearish break-out confirmation...
DJIA (US30) could rise towards the pivot which has been identified as an overlap resistance. Could this index stall around this level before potentially reversing to drow lower towards the 1st support? Pivot: 39,042.57 1st Support: 38,560.25 1st Resistance: 39,412.72 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you...
Could the DJIA (US30) extend its current downturn beyond the pivot point and drop toward a support level at 38,693.81? Pivot: 39,078.84 Support: 38,693.81 Resistance: 39,329.55 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be...
The old wall street adage! so goes apple.... Were at a pretty interesting level. Are market makers going to make this breakdown in apple easy? A head & shoulders breakdown is now on watch for a confirmed break. This does imply a decent down move and will undoubtedly weigh on markets if it happens. Keep an eye on the second largest company in the world.
The DJIA (US30) is rising towards a potential breakout level at 39,817.48 which has been identified as a pivot point. Could price potentially break through this level and rise higher towards the 1st resistance? Pivot: 39,817.48 Support: 39,186.86 Resistance: 40,178.47 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you...
SPX is ready to drop 4+% by April to close the gap 4910
The DJIA Index (US30) could rise towards an overlap resistance at 38,911.37 which has been identified as a pivot point. Could price potentially reverse around this level to drop lower? Pivot: 38,911.37 Support: 38,494.85 Resistance: 39,294.29 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with...
The DJIA Index (US30) could fall towards a pullback support at 38,151.50 which has been identified as a pivot point. Could price potentially reverse around this level to bounce higher? Pivot: 38,151.50 Support: 37,093.60 Resistance: 39,303.36 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with...
- firstly i want to explain what is US30, you can google it : - US30 is a stock market index designed to measure the performance of 30 large industrial companies based on the average stock price of the components "during a specified period". - So basically...when u have a Top30, if one company fail, this company is replaced by number 31. - it's same in football...