Quick Look: Dow Jones - Don't Miss These Levels!

9 Jun

US30 Intraday Setup
Technical Outlook — 9 June, 2025

Market Context:

The Dow Jones (DJI) is currently consolidating around 42,760 after a recent rally. Price action suggests a potential "bear flag" formation near the "Previous Day High," indicating a crucial decision point for the short-term trend.

Key Levels & Trade Plan:

Resistance:
Immediate: ~$42,850 - $42,925 (Upper flag boundary / Previous Day High).
Major: ~$43,100.

Support:
Immediate: ~$42,690 - $42,720 (Lower flag boundary).
Strong: ~$42,590.
Lower/Previous Day Low: ~$42,390 - $42,280.

Trade Plan:

• Bullish Breakout (Long):
  

Trigger: Clear 1-hour close above $42,925 with good volume.
Target: $43,100.
Stop Loss: Below breakout level (e.g., $42,800).

• Bearish Breakdown (Short):
  

Trigger: Clear 1-hour close below $42,690 with strong selling volume.
Target: $42,590, then $42,390.
Stop Loss: Above breakdown level (e.g., $42,750).

• Dip Buy (Long):
  

Trigger: Price holds $42,590 or $42,280-$42,390 with bullish reversal.
Target: Resistance levels.
Stop Loss: Below the confirmed support.
Risk Management: Always use proper position sizing and set a stop loss.

If you found this analysis valuable, kindly consider boosting and following for more updates.

Disclaimer: This content is intended for educational purposes only and does not constitute financial advice.

9 Jun

Nota

This is what we have: