Dow Jones Daily Technical Report – September 29, 2025
The Dow Jones Industrial Average (DJIA) closed Monday’s session with modest gains, reflecting a cautious but persistent bullish sentiment. Market participants balanced optimism around potential Federal Reserve rate cuts with concerns over mixed macroeconomic data. The index continued to hover near key technical levels, setting the stage for a decisive move in the coming sessions.
1. Market Overview
- Closing Price: ~46,316.07 (+0.15%)
- Intraday Range: Consolidated near pivot areas, repeatedly testing support and resistance.
- Volume: Moderate, suggesting accumulation without strong conviction.
- Key Drivers: Fed policy outlook, upcoming U.S. inflation data, and broader global sentiment.
2. Technical Analysis
2.1 Trend and Moving Averages
- The Dow trades above the 20, 100, and 200-day moving averages.
- The 50-day moving average acts as dynamic support.
- Short-term consolidation suggests potential breakout soon.
2.2 Support and Resistance Levels
Support Levels | Resistance Levels |
---|---|
46,150 | 46,400 |
46,000 | 46,600 |
45,800 | 46,800 |
2.3 Indicators and Patterns
- RSI (14): around 57, neutral zone.
- MACD: positive but modest momentum.
- ADX: moderate, signaling possible acceleration if a breakout occurs.
- Candlesticks: indecision near resistance, no strong reversal signals.
3. Pivot Points (Using Our Calculator)
To refine intraday levels, we also applied our Pivot Points Calculator . Based on yesterday’s high and low, the following table shows updated pivot, support, and resistance levels:
Pivot | S1 | S2 | R1 | R2 |
---|---|---|---|---|
46,250 | 46,100 | 45,950 | 46,400 | 46,550 |
4. Scenarios
4.1 Bullish
A breakout above 46,400 with volume could confirm continuation toward 46,800, the upside target we highlighted in our previous analysis .
4.2 Bearish
Failure to hold 46,150 may trigger a pullback to 46,000 or 45,800. A deeper break below 45,800 would shift short-term bias to bearish.
4.3 Neutral
Consolidation between 46,150 and 46,400 remains likely if no new catalyst emerges this week.
5. Conclusion
The Dow ended September 29 on a cautiously positive note. While the medium-term structure remains bullish, short-term conviction requires a breakout above 46,400. Traders should monitor key support at 46,150 and resistance at 46,400 as critical decision levels. Upcoming U.S. economic data is expected to be the next catalyst.
Call to Action
For smarter trading decisions, explore our free tools: Pivot Calculator, Position Sizing Calculator, and Risk Calculator. These tools can help you refine entries, manage risk, and optimize position sizes.
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