Dow Jones – Overview
Fundamental Outlook:
In April, President Trump capped all so-called reciprocal tariffs at 10% until July 9, giving room for trade negotiations with key partners. That same month, the Nasdaq slipped into bear market territory, while the Dow and S&P 500 entered correction zones.
Since then, Wall Street has rebounded sharply. Last week, both the Nasdaq and S&P 500 surged to all-time highs, driven by a strong labor market that helped ease recession fears.
Technical Outlook:
Currently, Dow Jones is trading below the pivot level at 44410, which signals ongoing bearish momentum.
A sustained move below 44410 supports further downside toward 44180, with a break below this level opening the path to 43960.
However, if price reverses and closes above 44410 on the 1H or 4H timeframe, it may trigger a bullish move targeting 44750 and beyond.
Support: 44180 / 43960 / 43770
Resistance: 44515 / 44750 / 45100
Note:
Progress in tariff negotiations would likely support further upside in U.S. indices.
Lack of resolution may keep the Dow under bearish pressure in the short term.
Fundamental Outlook:
In April, President Trump capped all so-called reciprocal tariffs at 10% until July 9, giving room for trade negotiations with key partners. That same month, the Nasdaq slipped into bear market territory, while the Dow and S&P 500 entered correction zones.
Since then, Wall Street has rebounded sharply. Last week, both the Nasdaq and S&P 500 surged to all-time highs, driven by a strong labor market that helped ease recession fears.
Technical Outlook:
Currently, Dow Jones is trading below the pivot level at 44410, which signals ongoing bearish momentum.
A sustained move below 44410 supports further downside toward 44180, with a break below this level opening the path to 43960.
However, if price reverses and closes above 44410 on the 1H or 4H timeframe, it may trigger a bullish move targeting 44750 and beyond.
Support: 44180 / 43960 / 43770
Resistance: 44515 / 44750 / 45100
Note:
Progress in tariff negotiations would likely support further upside in U.S. indices.
Lack of resolution may keep the Dow under bearish pressure in the short term.
Trade active
US30 – Technical Outlook | updateUS30 dropped 230 points, perfectly hitting our previously identified target at 44180.
The index continues to show bearish momentum as long as price trades below 44410. For now, we expect consolidation between 44410 and 44180. A breakout will define the next move:
A 1H candle close below 44180 would confirm a continuation of the bearish trend toward 43960, with further extension possible to 43770.
Alternatively, a 1H close above 44410 would shift momentum bullish, targeting 44640, followed by 44760.
Key Levels
Pivot: 44410
Support: 44180 / 43960 / 43770
Resistance: 44500 / 44640 / 44760
Technical analyst focused on gold, indices, and forex.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Technical analyst focused on gold, indices, and forex.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.