๐ US30 (Dow Jones) Update โ May 22, 2025 โ ๏ธ
Massive Breakdown Below 42,000 โ Momentum Shift in Full Effect ๐งจ
๐ Market Breakdown:
๐ Current Price: 41,803
๐ฅ Major Support Lost: 42,000 โก๏ธ retested + rejected
๐งต Bearish structure confirmed โ lower highs + breakdown of prior higher low
๐ 9/21 EMAs sharply angled down, widening = increasing downside momentum
We're now back below key structure from early May, and that 41,770 zone is hanging by a thread. Volume uptick adds weight to the downside move ๐ป
๐ Key Levels:
๐งฑ Immediate Support: 41,770
๐ป If that breaks โ next target: 40,700, then 39,775
๐ผ Resistance now flips to 42,000 and 42,300
๐ฅ Trade Outlook:
Bearish bias ๐ฅ:
Below 42,000 = continuation expected
Any bounces into 41,900โ42,000 may offer sell setups
Watch for clean break & close below 41,770 for acceleration
Bull case invalid unless:
Price reclaims 42,000 and flips it into solid support with volume โ
๐ง Smart Money Take:
This is a classic supply re-entry zone. Buyers failed to hold higher structure and are now trapped โ liquidity likely fueling this sell-off ๐
Donโt counter-trend guess too early! Wait for reclaim signals.
Massive Breakdown Below 42,000 โ Momentum Shift in Full Effect ๐งจ
๐ Market Breakdown:
๐ Current Price: 41,803
๐ฅ Major Support Lost: 42,000 โก๏ธ retested + rejected
๐งต Bearish structure confirmed โ lower highs + breakdown of prior higher low
๐ 9/21 EMAs sharply angled down, widening = increasing downside momentum
We're now back below key structure from early May, and that 41,770 zone is hanging by a thread. Volume uptick adds weight to the downside move ๐ป
๐ Key Levels:
๐งฑ Immediate Support: 41,770
๐ป If that breaks โ next target: 40,700, then 39,775
๐ผ Resistance now flips to 42,000 and 42,300
๐ฅ Trade Outlook:
Bearish bias ๐ฅ:
Below 42,000 = continuation expected
Any bounces into 41,900โ42,000 may offer sell setups
Watch for clean break & close below 41,770 for acceleration
Bull case invalid unless:
Price reclaims 42,000 and flips it into solid support with volume โ
๐ง Smart Money Take:
This is a classic supply re-entry zone. Buyers failed to hold higher structure and are now trapped โ liquidity likely fueling this sell-off ๐
Donโt counter-trend guess too early! Wait for reclaim signals.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.