US30 trade ideas
Dow JonesI had posted this chart earlier as well on the DJIA citing that the drawdown to come down to the Channel support had not been filled yet. It has started as of yesterday. Expect 800 points drawdown on the Dow. Should the Channel support be broken......I will then have to look for alternate counts. The Nifty will follow Suit as well.
Dow attempts a reversalOn 2 hours time frame DOW is forming inverted head and shoulders, a breakout will be confirmed on close above 33850.
The targets on the upside can be 34700
DOW JONES-Likely break outDOW JONES: Rounding bottom suggests another 200+ point move.really it puzzles me as both Crude and DOW Jones indicates signs of a breakout?
Its to be seen which cues the major indices takes-im a bit confused as both DOW Jones & Crude showing signs of a break out......
Dow JonesI am known to STICK my NECK out and then Stick to it. I do this because None other here will ENLIGHTEN the MASSES with taking any PAYMENT. The DJIA explained in detail ...... There is MORE and MORE panic in the US markets than ever before. There is an influential Twitter @ HENRY ZEBER. He is known to make BOLD calls. Yesterday he came out with a figure of 6100 on the S&P 500...... Go back to my previous posts and see when I gave the figure of 6100 ??? A few weeks ago if not a few months ago. It is not easy to make a BOLD CALL because People TROLL/CURSE/ABUSE ........... Its OK with Me. I have been through much WORSE than taking a few Abuses. Stay INVESTED for a RALLY towards 39000 on the NIFTY and 67000 odd on the DJIA. The Handle Bottom will come IN at 32800 odd..... the Dow did 32873 last night...
Dow Jones - Around the major Support ZoneAre you ready for this amazing analysis..
Stay Tune because we will post more charts related to this...
Dow Jones Dow Jones now trading at support zone 33000/32500 big support. If not close below 32500 we seen again up side
DJI - Likely to start a wave 3 upwards? To make a new high?DJI has formed three sub-fractal i,ii, i,ii, i,ii since the impulse upwards since the Oct 22 bottom.
It should eventually materialize in a wave iii upwards i.e. 3 sub-fractals of iii,iv, iii,iv, iii,iv.
In all possibility the recent wave ii is complete in a five wave C downwards. Today's price action at NYSE opening would be crucial.
Dow JonesAs in the S&P... so in the Dow........... Both Moving soo far perfectly within their PARALLEL CHANELLS... Not Much downside to go as I see it.... with 32600 odd as the Bottom before we take off towards the LONGEST LEG of the upside.
US 30 OR DOW JONES INDEX PlayoutThe Index itself is almost 6.1% or 2200 pips down so far. After looking at the weak Economic Data Index kept tumbling and saw no bounce so far. It will be interesting to see how the US Index behaves in a weak global market now. I have marked two paths that can play out a possible scenario in matching along with the waves. However, the overall bias remains BEARISH until it reaches my 1st POI. My first and second POI and a strong base are quite necessary for us to consider before initiating aggressive longs.
#dowjones #usa #trading #signals #bearish
US30 SHORTUS30 is overall bearish .
we can plan a sell side trade after the 4hr break of support zone.
then look for bearish price action to sell targeting the next support zone.
dow JonesI just didnt see what the Historical charts were showing Me in this DOWNTREND. I have very very clearly marked out what I caught last night on the DJIA. I think WORLD MARKETS are ALMOST READY/SETUP for the LONGEST WAVE IN BULL MARKET HISTORY. It only requires a Little patience a keen Eye and some Effort.
Indian Market sideways amid global cuesUS TVC:DJI equities extended last week's sell-off on Tuesday after the recent data on consumer confidence and home sales showed the US economy may be finally coming under stress.
Federal Reserve continues to affirm its commitment that interest rates will remain elevated for an extended period to manage inflationary pressures maintained hawkish stand and signaled another rate hike of 0.25Bps.
Should Indian NSE:NIFTY market be worried?
Comparing to the US markets Indian markets are fairly valued however, few concerns are hovering around in form of
1. Crude oil is expected to trade at 92.83 USD/BBL and estimated to be at 102 by the end of this year. This silent killer is tethering a potential increase in prices could result in skewed margins in the coming quarter
2. The Indian rupee depreciated past 83.3 per USD in September, renewing its record low amid fresh pressure from a strong DXY, hawkish outlook for the RBI pressured G-Sec prices in the secondary market and rupee-denominated debt assets, intensifying foreign selling from India.
3. India posted a merchandise trade deficit of USD 24.2 billion in August 2023, the largest gap in ten months
Setting aside the above risk, the India's GDP growth rate forecast estimate is still much stronger at 6% that favors the domestic market over the global peer.
According to my technical forecast, i expect market may try to find bottoms near 19000-18900 levels where the market will find itself oversold.
DOWJONES - buy fear sell greedDOWJONES is trading at very good multiple support zone of 33600-33650, start accumulating at this levels to get most out of it.
Buy F.E.A.R dowjones heavyweights & hold with stoploss closing below 33600
DOW JonesDOW Jones
Now coming near Support zones.
We may see some bounce from 33850-33700 zones.
Keep an eye
Trendline break DJIA has broken a trendline on daily timeframe, heading towards a crucial swing support zone of 33646 zone.
US30 SHORTUS30 has recently broker a daily support zone. now we can plan short side trades after retracement or when it breaks the low of current daily candle.
DoW: DJIA: breakdown DJIA
Breakdown of head shoulders on daily charts. Any uptick towards the neckline is a sell. Expecyleveks of 32200 / 32500
US 30 UPDATELittle late to post this but still DOW has potential to recover from its recent fall.
I am expecting a bullish scenario ( FOMC news coming ) trade safe .
Dow JonesMost of the indexes worldwide behave in similar manner most of the time.
Price is trending in an upward channel and now it is at support.
34520 - 34600 is a crucial zone in deciding the direction.
If price took support, then we can expect it to move towards 34680, 34760 and 34820.
If price gains bearish strength, then it will fall towards 34460 and 34360.
Price will pick the direction and the trader will follow it. What type of trader are you?
Give a like if you like Dow Jones.
Dow JonesEnclosed is the DJIA hourly chart which will be responsible for the UPMOVES hereon. I have also explained to anyone who MAY want to understand the concept of "" RETRACEMENTS"".... They are calculated in PRIMARY.... SECONDRY and MAJOR waves and will differ from every time frame.
