The minutes from the Jan. 31-Feb. 1, 2023 Federal Open Market Committee (FOMC) meeting showed that the Fed remains committed to bringing inflation back to target. On the progression of the economy, the Committee members noted that "recent indicators pointed to modest growth in spending and production. Nonetheless, job gains had been robust in recent months, and...
Hey Traders, US30 is trading in a downtrend and now seems to be in a correction phase in which it is approaching the major trend at 34000 Support and resistance zone. I would keep an eye on the Dollar to confirm the direction as USD does correlates negatively with stocks, and with the recent hawkish comments from different feds a strong dollar should push the...
Dow Jones is under the 4hour MA50 for a whole day but still inside both the short and medium term Channel Up patterns. As long as they hold, the trend remains bullish and we are targeting 34375. If the price crosses above Resistance A, extend buying to Resistance B (34900). There is a probabilitiy for one last pull-back to the Rising Support around 33300 if the...
Has Dow Jones caught spring fever? At the moment, the index seems to lack the necessary drive to continue expanding wave (i) in blue. However, we expect Dow Jones to pull itself together soon and to summon up enough momentum to make it above the resistance at 35 521 points. The index should not surmount the higher mark at 36 446, though, but finish the current...
Dow Jones crossed under the MA50 (4h) today for the first time since March 24th. Even though that's a bearish bell, the 1 month Channel Up is intact, thus the trend remains bullish. Trading Plan: 1. Buy as long as the price stays inside the Channel Up. 2. Sell if it crosses under the MA100 (4h). Targets: 1. 34950 (Rising Resistance 2). 2. 33000 (MA100...
good afternoon, there's a very wise man in this market named C who once asked me a question, C asked: "you know who loses the most amount of money in a bear market?" i was like nah who, C said: "bears". --- the dow bones came down from ath in a simple zig-zag (3 wave move) i am theorizing that it's creating an equal sized move to the upside, but in 3...
Despite the prevailing bearish sentiment surrounding the Dow Jones, my market analysis leads me to believe that the index is likely to experience a bullish movement, potentially reaching a level of 12852 before undergoing a reversal. This expected trend has significant implications for the gold market, as it could present an attractive buying opportunity for the...
Dow Jones is mostly neutral on the 4H timeframe due to the slow price action of the past 10 days but remains bullish long term on the 1D timeframe (RSI = 64.809, MACD = 269.290, ADX = 67.751) as the Channel Up is intact following the Golden Cross. In fact, if the 4H MA50 continues to support (has been doing so for almost 1 month since March 24th), we see the...
Last week us30 began trading above 33700 after creating an order block below this level. As expected we saw price continue a steady uptrend to clear the range and test 34100. With lower than expected PPI and higher than expected unemployment claims to support this bullish momentum. This week so far price has rejected 34100 for the 2nd time so we can expect us30 to...
Reverse Cup and Handle formed on US 30. The price broke above the brim level and consolidated for a while before breaking up. Now that we had the push up, we can expect the price to continue up. 7>21>200 RSI>50 Target 35,714 SMC: Sell Side Liquidity Order Block is below the Handle of the Reverse Cup and Handle as you can see Smart Money swept selling liquidity,...
This week I will be targeting 4184. I expect price to continue to make gains based on market structure using multi time frame analysis. Lets see if us traders can make this happen.
Multiple long opportunities today. refer to my previous analysis.
NASDAQ / US30 TRADE IDEAS Potential bullish week ahead, waiting for financials to get released to determine whether I will be bullish or bearish. There are a lot of opportunities to get in long positions so we will wait for price and try avoid the false break outs.
The Dow Jones is currently experiencing a pullback, and there are indications that it may continue to trend downwards and potentially reach new lows for the year. Traders may want to watch for potential selling opportunities around the 5-month trend line. There are several factors that can contribute to the decline in the value of the US dollar. Here are a few...
CBOT_MINI:YM1! YM1! US30USD DOW 2023 APR 17 WEEK Previous long scenario2 at 32595 // 33590 worked well. Potential weakness observed. Market now is approx. 500pts away from 34605. Possible scenarios: 1) Trade to be guided by channel 2) With weakness observed, wait to short at channel's supply line or rejection at 35228 // or 34605 previous rejection area ...
I'm testing this correlation and looking at the bounce-up for the 10-year yields To buy indices and sell gold, let's see :) Let me hear from you..
In the event that the Dow Jones ends at this level, it would create a favorable environment for purchasing opportunities, and I foresee a response in this particular domain. As a result, I will be monitoring the movement of gold with the expectation of a decline, which would present potential buying opportunities.
There are multiple factors in place indicating that a reaction may occur in the near future, and I will be keeping an eye out for potential buying opportunities. Specifically, I am taking note of an upward trend line that has been in place since October 2021, as well as a downward trend line that has been in effect since January 2023.