US30 Hourly charts Suggest 3% upside in next 1-2 WeeksUS30 Hourly charts Suggest 3% upside in next 1-2 Weeks
Expect World Markets to Perform well for next 2 weeks based on US30 Bullishness & Breakout on NASDAQ.
Happy Investing.
DJI trade ideas
US 30/ Dow Jones 1D Trade Setup - The US Index is currently trading on its All-Time High
- From a Trade Perspective, I would like to wait and watch out what the FED delivers in the FOMC statement
- The rate-cut bets are now fading away and making it look tough for traders that the FED will cut rates
- Inflation is currently sitting at 3.4%
- Cutting rates fundamentally doesn't look feasible as long as the FED doesn't achieve its target of 2%. We can see a mid-cool-off when FED achieves 2.5% once cut and maybe aggressive hikes post that along with some pause
- From a Trading Perspective, I would like to wait for a liquidity grab and then execute orders depending on the price action
- The inefficiencies currently look a little untapped, once the price taps it, I will start looking for longs
- DOL on this still needs to be tapped before you look for long
- Shorts on a scalp basis are preferable but don't swing short in a bull market
US30Greetings!
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ShortEntry 37860-37900
SL-37962
T1-37810
T2-37726
.... Recommendation for paper trading only and educational purposes
Make your financial decision yourself 😜
Dow jones falling started we get 800 points on current upmoveOn Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
DOW JONES 30 on Weekly ATH Breakout ... Next 1 Year is BullishDOW JONES 30 on Weekly ATH Breakout ... Next 1 Year is going to be super Bullish.
All Good news will start flowing - Interests rate cuts / End of long ongoing Wars / Peace in World / GDP growth.
'Yahi samay hai, sahi samay hai...Bharat ka anmol samay hai': PM Modi recites thought-provoking poem on I-Day
Happy Investing.
DOW jones US 30 ready for big upside move On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Dow Jones - Time for Reversal?After rallying steep for about 10 weeks, Dow Jones currently trading at 37,400 levels.
Dow Jones is currently trading within a narrow range of 400 points between 37,300 & 37,700.
37,500-37,700 is now an important resistance zone & Dow Jones must break 37,700 to move further up.
On breaking and closing below 37,200 level, Dow Jones can test 36,200 and 35,500 levels.
Short position can be taken below 37,200 for targets 36,200 and 35,500 with SL 37,550.
US30 SETUPUS30 is around its all time high and it is forming a ascending triangle. we can plan a short if it breaks the support zone or plan a buy if it breaks the resistance .
US30 US30 on critical support, if it breaks its support of 37000 its next support will be around 36300 and 35700. Keep watching.
Breakout in Dow Jones Industrial Average (DJI)...Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Q&A_ Is Nifty heading for a bear market?Namaste!
I have been tracking DJI (Dow Jones Industrial Average) for quite a while. The bear market is defined as 20% correction in benchmark indices from the all time highs.
SPX (S&P 500) has fell into bear market twice (2nd after retracement), it closed below 20% line on daily as well as weekly candles . But it did recovered from those levels until recently, it closed again, it is in a bear market now .
However, Dow Jones hasn't closed below 20% levels at the above mentioned period. This time, it has closed below 20% level on daily candle.
I will be 100% sure of a bear market if DJI closes below on Weekly candles.
If DJI fall into a bear market, there is a very highest probability our Nifty 50 will to. It can take Nifty to 14600 levels.
How to plan this bear market?
1. For people already invested:
Don't sell your current holdings to buy at cheap. It will be a add more opportunity. You can consider either investing 50% of remaining investing amount now, 50% at Nifty 15100 or 14600 levels or whole remaining capital at 15100 levels.
2. For people waiting for investment:
I would advice to invest 30% of the capital now and remaining 70% at Nifty 15100 or 14600 levels. These levels are drawn assuming Nifty will create the last swing low at 15100 level, and 14600 level is a psychological and a 20% level.
Will all the stocks in Nifty 50 fall at the same speed?
A: Nope. Overvalued blue-chip / large-cap stocks will fall more than those of (undervalued) fundamentally strong.
Mid cap and small cap will fall at greater speed after taking above points into consideration. So if you hold small and mid-cap, get ready to stomach more downside. BUT DO NOT SELL. . Warren Buffett doesn't sell and other notable investors I know advice the same.
Disclaimer: The analysis I have shared is based on my understanding and experience in the markets. This article must be assumed as a opinion only not a trading/investing call. Please do your analysis and/or consult your financial advisor before investing.
Q&A_ Is Dow Jones and global markets ready for a freefall_ 2?Namaste!
I have been pessimistic about the bull market since Oct 2022 when Dow Jones fell into bear market for the first-time (i.e. closed below 20% levels from all time highs).
S&P500 has been closing below 20% bear market level in June 2022, Sep 2022 and Dec 2022 respectively. (Please read earlier article of the same name which I posted on 7 Nov 2022).
There are mainly 3 reasons I strongly think that market have a pending correction of more than 30% from all time highs.
1. Fastest bear market recovery since decades: You know, bull markets and bear markets have some unique behavior which they follow very often. Bulls move price very slowly upwards. but bears move prices very very fast on the downside. What do you think, about this quick recovery of the bear market (year 2020 recovery). This isn't a behavior of the bull.
Well this has happened mainly due to following reasons:-
A. Lowering interest rates near zero by the US Fed to stimulate the economy, again.
B. They deposited dollars directly into the pockets of it's citizens. Money had to go somewhere. So, it (money) went in "spending" (resulting in profits numbers for corporations), "investments" (real estate, various assets and stock markets), etc. "Spending" fueled demand in the economy, creating the inflation (which is highest since decades) in many countries.
C. They printed around 33% dollars by issuing government bonds to US Fed (a way of introducing more dollars into the economy).
D. Most of this money doesn’t exactly go into circulation within the public and remains electronic. The US government technically owns these assets(stocks, etc)/treasuries and they can always sell them back to the banks when the current prices match those of pre-March 2020. Hence, the money was created as a way of making a buffer that allows the economy to absorb losses while it recovers (source: mediumdotcom).
The US government will eventually sell stocks in it's portfolio and other assets to the banks, investors, which will lead to Dow Jones falling.
2. Breakout in the interest rate cycle of US Federal Reserve rates (refer "https://tradingeconomics.com/united-states/interest-rate"). Interest rate has been kept "close to zero" since the sub-prime loan mortgage crisis in the year 2008-09. If the dollar in the market is very easily accessible due to very low interest rates (like borrowing from banks to buy a car, home, spend on unnecessary things, etc), it stimulates the economy by increasing demand .
It's a good step for the growth of Economy, BUT it creates inflation (sometimes out of control, sooner or later), since everybody is demanding the limited goods or services by borrowing from the banks.
Central banks come here, and increase the interest rates. Now, since the interest rate is higher, people will have to cut the spending (mortgage loan payments, credit payments, etc) and immediately stop borrowing more.
The inflation is around 4 decades high in US, and couple of decades high in UK, India, Etc. To counter this, central banks will keep increasing interest rates to withdraw "easy dollars" from the market.
Concluding, US Fed interest rate above 5.5% may cause the next bear market.
3. Double-top pattern (in the making):-
The black horizontal line indicates a 20% (bear market) level. As you can see in the charts, it has created a bull flag pattern. Breakout above the pattern can take the index to 36450 or test the all time highs. The market need some levels (or history) to take the next decision. Market will form a double top pattern before falling. Every trader whether retail or institutional, is a human. So, we need some levels (based on history and facts) to guide us for the future step. That's why Double top or double bottom pattern works so nicely.
What can happen next? Well, the market can breakout of the bull flag (& symmetrical triangle) pattern to reach 36450 levels. The person (traders as well as investors) who were in a hindsight because of no visible top, will try to book profits/exit the market near that level.
Concluding, Dow Jones is in a medium term uptrend till that level.
Disclaimer: The above article is based on my understanding and experience in the markets. Please do your own analysis and/or consult your financial advisor before investing or trading. The sailing in the markets without knowledge and risk apatite could be hazardous for who don't know swimming or without life jackets.
Q&A_ Is Dow Jones and global markets ready for a freefall?Namaste!
US Markets substantially affect global market and their indices. There are two main indices which I track most often. DJI (Dow Jones) and SPX (S&P 500).
I expect it to be in a downfall in the coming weeks/months.
I follow a rule of thumb for a reversal (respecting support or resistance) is that it must close below low of the resistance testing candle within the next 3 candles.
My understanding says, "there is a >60% probability of prices moving in the candles closing direction if the prices consolidate". Consolidation can happen near the resistance levels. So, it means there is a <40% probability of reversing (respecting resistance) if the prices consolidate. The logic is very simple. If the sellers were powerful enough, the price will fall quickly, whereas consolidation indicates their unwillingness to sell or more buying pressure than selling at the level.
So, the 02 Nov candle closed below the level, hence the selling pressure is strong here meaning more probably price will fall. It is my opinion because I said this happens 60% of the time. This could be that 40% when I am wrong.
Disclaimer: The above written article is based on my understanding and experience in the markets. Please do your own analysis and/or consult your financial advisor before investing or trading.
Dow jones industrial chart studyDow jones around 37600
240 mins time frame
Ascending parallel channel breakdown
big fat bearish candle formation on breakdown of channel structure..
now till the high is not crossed and sustained,,
index have possibility to retrace by 50-61% of last furious rally
and note one thing retracement will be sharp
till it below high levels view remains valid
DOW approaching 37180 or 37708Based on techinical analysis:Support and resistance combining with Yearly pivots.
After a strong bullish rally from yearly CPR (32806 - 33033), it is able to break and sustain above YH3 35427 (Yearly camariila 3rd layer pivot).
Before the end the year it can see upside:
1. YR1 37180(yearly floor pivot resistance)
2.YH4 37708(yearly Camariila 4th layer pivot)
Waterfall comming soon on Dow jones huge fall On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Dow Jones Industrial Averageoverview of the Dow Jones & Fed meeting.
The Dow Jones Industrial Average, often referred to as the DJIA or Dow 30, is a stock market index that monitors the performance of 30 large, publicly traded blue-chip companies listed on both the New York Stock Exchange (NYSE) and Nasdaq. Originally formulated in 1896 by Charles Dow and Edward Jones, this index serves as a pivotal benchmark for assessing the overall health of the United States economy,
Fed meeting trigger a new all-time high for the Dow Jones Industrial Average:
Highlights of meeting-
1. The Federal Reserve maintained unchanged interest rates for the third consecutive meeting.
2. The US Federal Reserve revised its growth and GDP estimate upward, indicating a more
optimistic view of the economy's expansion potential.
3. Federal Reserve officials anticipate a reduction in rates by 75 basis points in the upcoming
year.
Impact of Fed meeting.
1. Dow Jones made a new all-time high.
2. Decline in the dollor index .
3. Sharp fall in US 10 year paper from 4.20% to 3.94% .
4. Strong buying in Bullions (Gold & Silver) .
5. Buying in base metals.
DISCLAIMER - All analyses are for educational purposes. it is not trading or investment advice.
US 30 - At Crucial levelThe index has been traveling in a rising channel formation for the last year. This time it reaches the top edge of the channel. If doesn't sustain the above, a downward journey is possible.
We just see our risk-reward. Keeping a stop-loss of around 36400 on a closing basis for two days. or according to one's risk management. target seems 35700 or more.
The setup fails if sustained above the channel.
This is only for learning and sharing purposes, not trading advice in any form.
All the best.
US30 LONGUS30 is overall in a uptrend . It is currently sideways on 1hr tf . We can plan a long trade after the break of current one hour range targeting 36540.
Can see bullish after 34700The Dow Jones Industrial Average(DJIA) is a price-weighted average of 30 blue-chip prominent companies listed on stock exchanges in the United States and these stocks are generally the leaders in their industry.
