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.
ملاحظة
Mid-week analysis
Still trading inside a choppy range under $45,000
Awaiting for expansion
ملاحظة
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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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.