US30 Gains as Powell Takes Cautious Inflation ApproachThe US30 index is exhibiting bullish momentum following a break above key resistance levels. This surge is fueled by recent developments highlighted in an article discussing Federal Reserve Chair Jay Powell's measured response to escalating inflation. Unlike previous statements, Powell's composed approach towards inflation, aiming to avoid aggressively targeting a 2% threshold, is gaining attention. The article suggests that Powell's strategy could be prudent, considering the potential adverse effects aggressive inflation targeting might have on the economy. It highlights signs of economic deceleration alongside persistent inflation, attributed to structural shifts. Powell's cautious stance is viewed favorably as it aims to mitigate unnecessary damage, such as exacerbating inequality and financial instability, thus contributing to the bullish sentiment surrounding the US30 index.Longby Joe_bghlmUpdated 8
Dow Theory - divergence between industrials and transportsOne of the key principles of Dow Theory is that indices must confirm each other. Specifically, upward movement in industrials needs to be confirmed by transports. For a trend to be valid, both the DJIA and DJTA should move in the same direction. If both indices are making new highs or new lows simultaneously, it confirms the overall trend (bullish or bearish). Divergence between these indices raises concerns about the sustainability of market trends and potential economic weaknesses.by Ben_1148x20
US 30 - Ranges overview We got some numbers out today and the markets (US 30 and US 100) pushed higher currently both heading for their HTF buyside liquidity. Will wait and see how we trade from here...not interested in taking any trade yet...WAITING for the market to show me its hand. IF we break through the buyside and hold above expect some higher prices IF we fail to get higher and close back within the range we should expect lower prices No need to FOMO or front run the market. Follow your PLAN and RISK MANAGEMENT Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.by Patrick27071
US30 APPROACHING STRONG RESISTANCEA rejection at resistance will open up way to a few shorts positions on the pair Shortby mffxtrading5
SIGNAL: Go LONG on US30 - 15 May 2024Like, comment and share with your peers! I would be looking for bullish moves on US30 today provided price remains above 39500. 1 hour price bar(candlestick) has closed above a range that started mid NY session yesterday. The range formed shortly after a 211 pips pump. Find my confluences below; ✅Price at psychological level? ✅Has there been a recent intraday range? ✅Do you see 30 mins or 1 hr price bar closure outside recent range? ✅Will position be in the direction of 4hr and Daily trend ? ✅Has nearby wicks to the lefthand side been identified and marked as potential problem area/TPx? With these ticked, i choose my entry and SL accordingly with the intention of giving my trade a second chance if my SL is hit Position Parameters Entry 39588 - 39609 Textbook SL - 39543.38 (means flexible - put SL as occasion serves you and give the trade a second chance if SL is hit) Tp - 39801.65 (see partial TP levels on the screen) Drop a comment to let me know if you have picked up a thing or two form my analysis Warning: 1. trading derivative could result to loss of your capital, kindly apply caution and use only the money you can afford to lose. 2. Previous performance is not a guarantee that my signals will profit you. Accept and implement this idea at your own risk. You are advised to apply proper risk management while trading derivatives...!!! BR, Kings Learn how to trade. See my signature below or visit my profile for more details Longby Kingsley_lotannaUpdated 3
It’s time for correction in priceexpecting market correction shortly, as the market has been bullish for so longShortby Werpiafx5
How to trade tax-free: spread bettingCFD trading has a close cousin you may not know about … spread betting. Just like CFD trading, spread betting allows you to speculate on the future direction of a market's price without owning the underlying asset. Key advantages include: Tax efficiency : Profits from spread betting are free from UK Capital Gains Tax*. Similar to CFD trading, there is also no stamp duty to pay. However, it does mean when spread betting, you can’t offset any losses against other capital gains. Leverage : Spread betting allows you to control larger positions with a smaller amount of capital, amplifying potential profits but also potential losses - necessitating careful risk management. Wide range of markets : You can go both long and short 1000s of markets, including stocks, commodities, forex, and indices. Simplicity and clarity : Calculating your P&L from a spread bet is straightforward. Simply multiply the wagered amount by the per point movement in price. This simplicity makes spread betting accessible to traders of all experience levels. For example, if you buy £1 per point of Wall Street at 39000 and later that day sell it at 39400, then you make 1 x 400 = £400 profit. Conversely, if Wall Street falls 400 points to 38600, you lose £400. Sound familiar? Spread betting and CFD trading are very similar methods of trading financial markets but, importantly, may be taxed differently. * Tax laws are subject to change and depend on individual circumstances. Tax law may differ in a jurisdiction other than the UK. Editors' picksDEducationby Spreadex67
US30: Day 3, coiling underneath yesterday HODHi everyone and welcome to my channel, please don’t forget to support all my work subscribing and liking my post, and for any question leave me a comment, I will be more than happy to help you! “Trade setups, not movements” Let’s jump into the Technical Analysis: WEEKLY TEMPLATE (1hr chart): Monday day 1 broke higher the previous HOW, failing the breakout, dumping down and closing as a first red red day. Tuesday day 2, the market consolidated almost all the day at the current LOW placed by the Monday high low, performing a nice pump at the end of the day. Today Wednesday day 3, the market is in consolidation above the yesterday closing price and previous HOD, a particular situation that often lead to an explosive move. However, indexes open at 9:30 NYT and CPI red news on calendar at 8:30am. DAILY TEMPLATE (15min chart): Both Asia and London session consolidated between the CP and HOD, nothing really happened yet. THESIS : As always, I do not predict any market direction, because predicting/guessing is just a 50:50 method. However, for a long thesis I would target the previous HOW considering the 3 days dump and pump scenario, but I wouldn't exclude a bigger short scenario back at least to the LOW or breakout traders of Thursday. SETUP : Long: consolidation at CP till news release or NYO 9:30am Short: lower low in place, pump into CP for a dump, eventually also pump into previous HOD for a short setup. Please note that the purpose of my analysis is to help me and you hunting the best trade setup for the day, none of my technical aspects are a way to forecast any directional market movement. Gianniby GianniPichicheroUpdated 2
US30 - WED 15 MAY 24 - TRADE SETUPAMD setup Price manipulation to the downside The market is likely to deliver to the upside 15:30 - CPILongby karenzialvin3
US30 Is Going Up! Long! Here is our detailed technical review for US30. Time Frame: 1h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 39495.19. Taking into consideration the structure & trend analysis, I believe that the market will reach 39599.16 level soon. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!Longby SignalProviderUpdated 335
US30US30 Dow Jones Long Term Daily Timeframe US30 Dow Jones Long Term Daily Timeframe US30 Dow Jones Long Term Daily TimeframeShortby Rasputin_KD1
US30 (CPI-3.4% or more, Bear Market)US30 New Forecast The price exhibits sensitivity to the CPI and remains consolidated between 39,670 and 39,420. Our focus should be on the CPI results. If the CPI comes in below expectations, it will likely support a bullish trend, pushing the price to 39,850 and 39,990. Conversely, if the CPI is 3.4% or higher, it will support a bearish trend, initially targeting 39,410 and 39,290, with a further decline to 39,070 as the secondary target. Given the current high pressure on the U.S. economy, we expect the CPI to be around 3.4% or 3.5%, as efforts to stabilize economic data and control inflation continue this year. Pivot line: 39670 Resistance Prices: 39850, 39990, 40150 Support Prices: 39410, 39075, 38820 The movement range will be between support 39070 and Resistance 39855UShortby SroshMayi10
US30 HAS DONE IT AS ALWAYS US30 for 3 weeks now has been playing along in favor of my analysis, and as always, I know my analysis is always accurate despite the news events.Longby Themba_PM112
U.S. dies by financial repression, then hyperinflationA 5th wave can extend into 9 waves as per my conjecture. I will follow-up in the updates posited plausible crash scenario for early 2024 which is difficult to see on this chart if not zoomed in. DJIA charted from 1789 inception . It’s plausible that Robert Prechter’s Elliot Wave (EW) count for the DJI (c.f. direct link to the chart ) might be correct to the extent of per my observation (of a repeating fractal) that the 2020 flash crash was a repeat of the 1987 flash crash, thus the top of looming major degree wave V (aka 5) could be in ~2032. Prechter’s charted expectation for a top in 2023 (or even those that think 2025 will be a top) are likely incorrect. I will elaborate my reasoning in follow-ups, including explicating Martin Armstrong’s 37⅓ year and his other cycles. Glenn Neely (creator of Neowave ) presented his thesis in 1988 (c.f. video follow-up in 1995 and in 2022 ) for an extended major wave V (which he refers to as Super Cycle major degree wave 3) terminating between 2020 to 2060. Ostensibly Neowave’s main claimed “innovation” over orthodox EW is the ‘ neutral triangle ’ (c.f. also ) which attempts to explain some motive 5-wave counts that increase in price as corrective in structure (i.e. potentially overlapping instead of strictly impulsive ) such that the ending E wave is a down wave in price (c.f. 2022 video). My impression so far is his methods do not help to explain anything. However, I did appreciate from his 1988 paper the points that this extended 5th wave posited to be underway since 1929 is likely duplicating the structure of the 3rd wave (he refers to as SuperCycle wave II). His assertion (based on his conjecture that DJIA commenced 1765 not 1789) that his Cycle I is 61.8% of his SuperCycle reminds me that my posited 5th wave extension (~142 years, 1932 to 2074) is ~1.618 duration of my 3rd wave (87 years, ~1842 to 1929) and equal the entire duration from 1789 inception to 1929 or 1932 termination.Longby shelby3Updated 616170
Change the trend It is expected that the current upward trend will end at the resistance levels and we will see the beginning of the corrective trend. Otherwise, the movement process will continue according to the blue color path Shortby STPFOREX336
Trend is your friendweekly Ascending channel. bullish overall trend. impulse correction impulse structureLongby SizweSync110
US30USD IndexThis chart of US30USD index is a Bearish Harmonic Reversal Pattern and there is Divergence also and after reaching the D point .It will be Bearish pattern . Longby Azeem2080
US30 Dow Jones Technical Analysis and Trade IdeaThe US30 Dow Jones index has exhibited a robust bullish trend recently. However, we now observe that the index is approaching a significant resistance level on both the weekly and daily charts. Moreover, the market appears to be overextended. When a market becomes overextended, there’s a possibility of a reversal. Traders closely monitor signs of exhaustion or weakness. Given these factors, we are considering a short opportunity. It’s essential to manage risk diligently, as trading always carries inherent risks. Remember that this information is for educational purposes only and should not be construed as financial advice. 📈👍09:47by tradingwithanthonyUpdated 7
New idea about dow jonesIt’s good for scalping,it might go more up and that zone can continue to more uptrend good luck for everyone Longby hamapro1
US30 H4 and H1 Long targetsIm bullish for now on US30 and I suggest you hold longs for the areas shown on the charts. and if you day trade look for longs.Longby deadparkcityUpdated 0
Us30 buy setupWall street performed what we call AMD. We have price create weekly range (Accumulation). We had price spike below zone with failure to close and reversing to break Structure with momentum candle. An order block was formed along with some imbalance upon close of 3rd candle. We might anticipate this buy setup because of the CPI data release. Remember that NFP WAS NEGATIVE FOR THE DOLLAR IN APRIL. Upon analysis of market structure of Us30. The above high is actually a swing target from the last demand mitigation more than it being a good trading zone. IT IS WHAT WE CALL EXTERNAL LIQUIDITY. Our 1st target is the high of range. 2nd is the fvg on 4hr before suply zone. And the last one is the last swing high of the price. GoodluckLongby ZIPHO672
Us30 buy setupWall street performed what we call AMD. We have price create weekly range (Accumulation). We had price spike below zone with failure to close and reversing to break Structure with momentum candle. An order block was formed along with some imbalance upon close of 3rd candle. We might anticipate this buy setup because of the CPI data release. Remember that NFP WAS NEGATIVE FOR THE DOLLAR IN APRIL. Upon analysis of market structure of Us30. The above high is actually a swing target from the last demand mitigation more than it being a good trading zone. IT IS WHAT WE CALL EXTERNAL LIQUIDITY. Our 1st target is the high of range. 2nd is the fvg on 4hr before suply zone. And the last one is the last swing high of the price. GoodluckLongby ZIPHO670