Dow Jones (March Contract) - I Am Sceptical About All-Time Highs
Unlike Nasdaq and S&P 500 where their PD arrays was discounted, Dow Jones is showing a different story.
45000 is a stanch psychological resistance level for a number of reasons. For one, a weekly liquidity void in the past aligns with a prior daily SIBI (which price redelivered into and rebalanced 100% of the range) and another gap in the form of a volume imbalance created last week Thursday 6th going into Friday 7th which Dow has rejected this Friday.
Very tight range Dow is working in at the moment and I don’t have the confidence yet to predict Dow jones reaching up into the all-time highs territory yet. There is still a lot more resistance levels to break through compared to ES or NQ.
Going into next week, I want to see 45000 cleared.
Ideally, I want to see a candle body closure above 45227.
Dow Jones is last in the race to attack ATH.
45000 is a stanch psychological resistance level for a number of reasons. For one, a weekly liquidity void in the past aligns with a prior daily SIBI (which price redelivered into and rebalanced 100% of the range) and another gap in the form of a volume imbalance created last week Thursday 6th going into Friday 7th which Dow has rejected this Friday.
Very tight range Dow is working in at the moment and I don’t have the confidence yet to predict Dow jones reaching up into the all-time highs territory yet. There is still a lot more resistance levels to break through compared to ES or NQ.
Going into next week, I want to see 45000 cleared.
Ideally, I want to see a candle body closure above 45227.
Dow Jones is last in the race to attack ATH.
Nota
Mid-week analysis
Still trading inside a choppy range under $45,000
Awaiting for expansion
Nota
Weekly overview
Dow jones closed in a discount unlike ES and NQ.
Dow Jones is the one to look out for in the upcoming weeks as the frontrunning market
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Penerbitan berkaitan
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.