DJ:DJI A reliable thing on which almost all investors believe in to know the trends of the market weather it will be upside or in the down side in the short term. so here it is a basic outlook of what I think looking at the chart of our fav index Dow jones which tell us so many things at ones and sometimes says nothing. This is the time where we have to...
Dow Jones crossed above the long term Channel Down and turned technically bullish on the 1D timeframe (RSI = 66.042, MACD = 233.400, ADX = 55.323). Given that the bottom pattern was an Inverse Head and Shoulders, which was something we pointed out previously (see prior idea at the bottom), the new buying wave can take the price a lot higher than our short term...
Hi everyone, So here is my analysis for US30 today - as we can see yesterday the CPI% was released and the stats were:Actual: Actual: 0.1% - Expected: 0.2% - Previous: 0.4% - natrually you would say stocks would have a positive reaction to this data, correct? Well indeed it did when the stats were released but it instantly reversed and market closed down lower...
Dow Jones is pulling back to the 1day MA50, which is headed to the bottom of the Channel. You can sell the distance but focus more on buying as close to 33100 as possible and this is the neckline of the Inverse Head and Shoulders pattern. Target 34500 (Resistance Zone A). Can be viewed as the inverted structure of December 15th - February 15th. Previous...
Almost a month ago we gave the most optimal buy entry for Dow Jones (DJI) exactly at the bottom of its 4-month Channel Down: The price has hit our medium-term target and zooming out into the longer term horizon we can see the grand pattern being an Inverse Head and Shoulders (IH&S). This is a bullish reversal formation, in fact it may be characterized as the...
Hey, there is a high probability that the Dow Jones Index will go up. With testing the strong support area at 33665. This correction also took place. On a bullish flag model. With a positive green candle, indicating the strength of the buyers. Good luck to everyone on this deal .Note: If you like this analysis, please give your opinion on it. in the comments....
On a today's live stream, we discussed Dow Jones Index. We spotted an inside bar formation, being formed on a key daily structure resistance and a confirmed bullish violation of the upper boundary of the range of the mother's bar. It is a very important bullish clue. Probabilities will be high that the Index will keep growing. The next goal for buyers will be...
Boy, are these markets something else. Since before 2008, markets correlated relatively close to economic data. Since the introduction of Fed intervention with slashed rates and Quantitative Easing, "markets" were able to "shrug" off even the worst geopolitical and economic events. In fact, it defies all logic. Logically, markets can and should ignore all TA...
The Dow has been consolidating above the previous top trend line that formed at its ATH for the last 6 months, forming a bull flag. CPI is tomorrow and we are at resistance, so expect fake outs but since there has been 3 touches on top and bottom trend line of bull flag, The Dow has no other choice except to break out of the bull flag.
hello traders i have sent outon the weekend on u30 so everyone can be on board hope you got it let me know if you need help it is not that difficult guys
The latest US GDP growth was 2.7% for Q4 2022. Unemployment rate is 3.4% in January 2023. Annual inflation rate is 6.4% in January. Fed Fund Rates is 4.50%-4.75% and climbing. Manufacturing and Industrials are struggling, but not bad. Yearly retail sales minted at 6.4% in January. The Fed Rate Monitor is showing an increase for a 0.25% at a 74.50%...
Last week after us30 pushed all the way to 33500 key level we saw buyers begin to liquidate position in anticipation of the move simply being a short-lived bullish rally. We then saw price consolidate at this key level for the remainder of the week. This week we've already saw price break out of this consolidation zone towards the upside leaving us to assume that...
dowusd short idea strong res key level for dow sell@ 34000 sl@34750 tp1: 33750 tp2: 33550 tp3: 33120
Hey Traders, in today's trading session we are monitoring US30 for a buying opportunity around 33400 zone, US30 is trading in a down trend and now seems to be in a correction phase in which it is rejecting the resistance area of 33700 and approaching the major trend so i will be watching the price action at the 33400 support zone. Tomorrow's CPI should be in the...
I don't trade NFP, so only now am I about to forecast. Market hit SL if this triggered but Friday my screen was closed. Only now do we get further confirmation that we have high possibility of going up but we also have a high probability to collapse.
The S&P500 index is moving near the resistance line and 🔴resistance zone($ 4,200- $ 4,100)🔴. The S&P500 index also seems to be forming the right shoulder of the Head and Shoulders pattern in the 🟡Time Reversal Zone(TRZ)🟡. I expect the S&P500 index to drop to the 🟢support zone($ 3,590-$ 3,490)🟢 after breaking the neckline. S&P500 Index (SPXUSD) Analyze Daily...
Afternoon everyone, unfortunately with the public holiday on Friday it prohibited us catching the US30 buy, today I’m looking for a long position on US30 - we need to see where the market wants to head today so please only risk 50% of what you usually trade with. Predicting this move to happen at NYSE open - 3:30pm SAST Thanks for all the amazing support so...
Currently US30 is consolidating on the lower boundary of bullish channel and feeling a little resistance in 33550 region. Will it break this resistance and test the upper boundary of channel ?