Dow Jones (March Contract) - I Am Sceptical About All-Time Highs

16 ก.พ.

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.

5 วันที่ผ่านมา

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Mid-week analysis

Still trading inside a choppy range under $45,000
Awaiting for expansion

3 วันที่ผ่านมา

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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