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US WALL ST 30

US30 THE DOW 30 CRASH, ONE YEAR LATER UPDATE Last year May we saw a potential crash for the Dow Jones 30 due to inflation fears and now what we predicted is finally happening. In our analysis a year ago Dow 30 was trading at 34,644 after reaching highs of 35100 we saw a potential sell signal on the 1W chart which was the formation of a bearish harmonic. this halted our longs and swings on the Dow. So what is Fueling the Dows Crash at the moment? Same thing which was fueling it about a year ago, inflation fears in the US. US investors have lost their trust in the Fed's ability to control inflation even with the current 75 basis points interest hike we saw this week during the FOMC on Wednesday to try and curb inflation, investors believe that the Feds tools have failed. Recent data has shown that inflation is now at its highest in the last 40 years in the US and analysts have predicted a decline in US GDP in the next coming years meaning the US could be facing a recession or is already in one. WHAT TO EXPECT Currently @ 29,900 Next support for Dow 30 is 29,500 so we expect it to reach this support level before short term retracement back to +30,000 Looking at the Covid Crash we expect Dow 30 to fall at least 10,000 points from its highs which were at 36,400 meaning We expect Dow 30 to reach 26,000 before any reversals, Our initial target from a year ago was 23,500 and we still think this might be a possibility. Our positions Active sell positions @ 31,600 & 31,300 from our last analysis link is attached below New positions Sell Limit @ 31,000 TP @ 30,000 Sell Stop @ 29,000 TP @ 28,000 Sell Stop @ 28,000 TP @ 27,000 Buy Stop @ 30,100 TP @ 30,600 Buy limit @ 29,500 TP @ 30,000 Buy limit @ 26,800 TP @ 28,000 Buy limit @ 23,700 TP @ 33,000 Note these are low risk entries link to previous analysis attached below Note: this is just an analysis based on technical analysis & current events. All investments involve risk, our analysis and trading strategy does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make.
PEPPERSTONE:US30Short
by fxspott
US30USD YM1! DOW 2022 JUNE 20 Week US30USD YM1! DOW 2022 JUNE 20 Week Last week shorts reigned. The week ended with demand coming in to support the market. We may see long opportunity near 29639 temporarily. Else, wait for price reaction to 29639. Possible scenarios considered are: 1) 29639 support fail for short continuation 2) Channel and 29639 support: Return of demand for temporary long opportunity 3) If market retrace on low volume to higher levels and is rejected = short Price reaction levels Short on Test and Reject | Long on Test and Accept 32563 31299 30999 30157 29639 26212 Weekly: High vol wide spread down bar close off low = demand has come in. Daily: High vol down bar, narrower spread and closing off low = strength - demand has come in H4: Last 2 bars combined = UHV down bar closing in middle = Demand present Remember to like and follow if you find this useful. Have a profitable week ahead.
CBOT_MINI:YM1!
by paradox677
US30USD YM1! DOW 2022 JUNE 13 Week US30USD YM1! DOW 2022 JUNE 13 Week Last week we see a Scenario1 Rotation followed by Scenario3. Market descended on strong volume, very nice short. Possible scenarios considered are: 1) Market continue to be in rotation between 33205-32500 = Wait 2)32728 becomes support 3) 32728 becomes rejected and market return to test 30584-30926 Price reaction levels Short on Test and Reject | Long on Test and Accept 36446 35750 35330 34807 34027 33531 33205 32563 31411 30926 30584 Weekly: Ave vol down bar close at low = Supply remains Daily: Ave vol down bar closing toward low = Supply remains H4: Ave vol down bar closing off low = some demand present Remember to like and follow if you find this useful. Have a profitable week ahead.
CBOT_MINI:YM1!
by paradox677
US30 - PRE NY SESSION ANALYSIS - 06092022US30 - PRE NY SESSION ANALYSIS - 06092022 In the last week or so price has had a nice push up and is now hanging out around the 32750 - 33250 range approximately. This week has been consolidation with price bouncing up and down within a roughly 350 point range. On the daily price appears to be resting on a weekly support/resistance level of approximately 32875 Today I am looking for price to either retest recent highs of approximately 33200 and exhibit signs of exhaustion/reversal to then get into a short order targeting recent lows of approximately 32800. If price pushes down after NY open to approximately this 32700 - 32800 level then I will have an eye out for signs of exhaustion/reversal to get into a long position targeting recent highs of approximately 33200. Being patient and waiting for the right entry. Waiting for confluence of support/resistance levels and/or supply demand zones with market structure / candle patterns that indicate price exhaustion/reversal forming. Have a great trading day and I'll try to get back with you today after NY close! Let's get this bag!!!
OANDA:US30USD
by ryanweier