Dow Jones Daily Technical Report – September 30, 2025 | Rising Wedge Pattern & Key Support Levels

Dow Jones Daily Technical Report – September 30, 2025

The Dow Jones Industrial Average (DJIA) closed September 30, 2025 at 46,379, slightly lower after fluctuating between intraday support and resistance zones. This report provides an updated technical outlook with pivot levels, candlestick signals, and key moving averages guiding the trend.

1. Market Recap

• Session High: 46,425
• Session Low: 46,103
• Closing Price: 46,379
• Daily Change: −0.25%

2. Key Technical Observations

2.1 Support & Resistance Levels

Using the day’s high and low, the following pivot-based levels were calculated with our Pivot Points Calculator:

Level	Value
Resistance (R3)	46,890
Resistance (R2)	46,658
Resistance (R1)	46,518
Pivot	46,286
Support (S1)	46,146
Support (S2)	45,914
Support (S3)	45,774

2.2 Candlestick Signals

• A Shooting Star candle previously formed at 46,714, signaling bearish risk.
• This signal was validated by the breakdown below 46,217 and remains active unless price closes above 46,714.

2.3 Pattern Watch – Rising Wedge

A Rising Wedge formation is developing but remains unconfirmed:

• Bearish confirmation: A breakdown below 45,785 would activate the wedge pattern.
• Downside target: 44,948 if the wedge confirms.
• As long as price holds above 45,785, the wedge is not actionable.
• Upside trigger: Only a close above 46,714 would negate the wedge risk and cancel the Shooting Star effect.

2.4 Moving Averages – Dynamic Support

The Exponential Moving Averages (EMA) remain strong dynamic supports:

• EMA 14: around 46,084, guiding short-term intraday momentum.
• EMA 50: around 45,271, acting as the medium-term support line.
• As long as the DJIA remains above EMA 50, the bullish trend is intact despite near-term corrective pressures.

2.5 Chart Notes

Chart illustration showing the Rising Wedge in progress, Shooting Star confirmation, and EMA 14 & 50 acting as dynamic supports.

As shown: a Rising Wedge is forming (unconfirmed), while the Shooting Star candle at 46,714 remains valid. EMA 14 offers near-term support, while EMA 50 secures the broader uptrend.

3. Trading Scenarios

3.1 Bullish Case

• A breakout above 46,714 would invalidate the Shooting Star and shift bias toward 46,900 and beyond.

3.2 Bearish Case

• A loss of 45,785 would confirm the Rising Wedge breakdown with a downside target near 44,948.
• Remaining below 46,217 keeps risks tilted to the downside.

4. Conclusion

The DJIA closed September 30 at 46,379, reflecting mild weakness. While the index stays above EMA 50 (45,271), the medium-term trend remains bullish. However, the combination of a possible Rising Wedge and an active Shooting Star pattern requires caution. Key levels to monitor are 45,785 on the downside and 46,714 on the upside.