US30 is currently at $46248 and is bullish from the Monthly and Weekly timeframe. Looking at the Daily timeframe, price trading above the 21/50 SMA region and bullish on RSI. With the creation of new highs in the market, structure is a little thin at the momentum with the closest pivot level at $45000, 162 points away from current price. The 4-hour timeframe show price tapping resistance $46360 with potential support at $45950. Price trading above 21/50SMA region and bullish on the RSI. Keeping an eye on the support at $45720 and $45950.
US30 Oh joy. I have a few minutes left before the library kicks me out.
On the Daily, look at the last candle. If this is the top of the rally, then what we have is a Bearish Spinning Top that is a top reversal pattern.
It's likely that we're at the top of the rally because this last candle is a non-trending one as a Spinning Top that means indecision. It could not close past the high of the previous candle. And the same candle (highlighted in yellow) could not close past the high of the previous candle before it. That means that the bullish thrust is most definitely waning for the bears to step in.
If the bears show up this Sunday, than there would be a false breakout at the high of the Inside Day at 46,136 (shown as an orange line) for a bear run to head for the S&R Zone (that begins at 45,845).
US30 I will be away attending a funeral. My computer system "died" an honorable death. The tower just didn't want to live anymore. I'm posting from the library.
I can't give an analysis in the days to come until either the computer gets repaired or completely replaced. There's lots of great analysts below to follow.
If anyone is using a curved wide screen monitor or a tall, vertical one, please reply to let me know how you like using it for trading.
Wishing you all great abundance for the new trading week.
US30 US30 (Dow Jones) Analysis – Market Outlook Recently, US30 has been moving with high volatility because of US interest rate expectations and global economic news. On the H4 chart, price is trading in a range between 38,000 – 39,000 levels Support zone: 38,100 – 38,300 Resistance zone: 38,900 – 39,200 📌 Signal Ideas (Short Term / Intraday) 👉 Buy Setup (if support holds): If price stays above 38,200 and shows bullish momentum: 🔼 Entry: 38,300 – 38,400 🎯 TP1: 38,800 🎯 TP2: 39,100 ⛔ SL: 38,050 👉 Sell Setup (if resistance rejects): If price tests 39,000 – 39,200 and rejects strongly: 🔻 Entry: 39,000 – 39,100 🎯 TP1: 38,600 🎯 TP2: 38,300 ⛔ SL: 39,350
US30 I am going to try to add an idea to the ideas tab tonight.. I think I can finally put together, piece-for-piece, a whole play. With the way the VIX has been unfolding, we're going to have a series of different events play out. Not necessarily sure about a crash though if I had to predict an outcome, I can say something like a 35% crash may happen. This is all based off the information I have gathered as far as the fundamental aspect of things and reducing it down to the most important, impactful bits n pieces that can or cannot influence the full-on play we will see. On 9/12, we formed our first leg on the VIX and them on 9/18 formed a second one which made the dow make that wick right outside the apex of that ascending triangle we just broke out of a couple weeks ago.