Financial markets today American stock market signals Dow Jones Index

trading signals American stock exchange Dow Jones
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Financial markets today Dow Jones forecast

Financial markets today trend analysis and trading signals Dow Jones stock market using WD Gann time cycles.

Dow Jones weekly chart with technical picture

financial markets today Dow Jones forecast
Dow Jones Weekly Index 08.02.24

U.S. stock market today Dow Jones forecast

Since the expiration of the Minimum Square in the week of October 14, 2022, the U.S. stock market has initiated a new bullish phase that persists to this day.

As can be seen in the technical photo just above, the first upward movement since the week of October 14 ended in the octave static resistance area at 34,140 points, drawn with a horizontal line in yellow.

Three times the U.S. Index attempted to break this level to the upside, without succeeding, thus creating a wide area of laterality .

Only in the week of July 21, 2023, did the Dow Jones Index succeed in breaking through that resistance, arriving in subsequent weeks at the next octave level, indicated by the horizontal green line.

The Maximum Square that expired in the week of August 18, 2023 initiated a new corrective dynamic that pushed prices to the ascending angular supports 1X8 and 1X16 radiating in blue.

In the week of Nov. 10, 2023, which coincided with a double Set Up weekly, the U.S. stock market initiated strong ascending action that continued until the next time cycle expiration on Dec. 29, 2023.

From elevation 32,537 from the aforementioned supports, the Wall Street Index reached 37,778, in the week of Dec. 29, to generate just after a slight sideways phase.

The Weekly Set-Ups of Jan. 12-19 indicated a continuation of the positivity of price dynamics, which will have as further resistances area 39,300-400 points.

Next signals on the Wall Street Stock Exchange will expire between the weeks of Feb. 09-16, 2024.

Beyond the levels just mentioned, further target for the Dow Jones will be the 40,000-point area.

Only a return below 38,030 points will indicate the creation of a temporary phase of weakness on the U.S. market, which will have 38,200; 37,650 as supports.

Mid-term Wall Street stock market performance

wall street today forecasts analysis Dow Jones
Dow Jones monthly index 08.02.24

Since the expiration of the Maximum Square in October 2022, the Dow Jones Index has made a triple low that has led to the generation of strong bullish momentum.

In particular, the partial Range Square expired in March 2023 made the second low at 31,430 and the Minimum Square expired last November broke upward from the low the October 2023 low at 32,327 points.

During the month of January 2024, the U.S. market continued its upward run reaching 38,588 points.

The month of February 2024 coincides with an important time signal the Dow Jones Index:

Wall street broke upward from the previous monthly top confirming the medium-term positivity. Price-time targets 39,220-40,000 points.

Only a return below 4,650 points will indicate a new negative lateral phase with first supports at 37,445; 36,930; 36,500 area.

Long-term Dow Jones Index Technical Analysis

long-term U.S. stock market performance
Dow Jones quarterly index 08.02.24

The long-term trend of the Dow Jones Index is bullish as clearly evident in the technical picture just above.

The ascending red half lines indicate the 1X1 angles that constitute the bullish corridor of the long-term Dow Jones Index.

In the period between 2020-2022, the price-time dynamics of the U.S. market have been realized between the base of the corridor and the middle.

At this juncture we are witnessing the Dow Jones reaching new absolute highs in the intermediate-upper part of that channel.

Next resistances 39,445; 40,940 points. Dynamic supports for negative retracements in the 36,340 area.

The report on the description of the dynamics of the Dow Jones Index was prepared by means of the WD Gann technique and with the help of the Top Trader(c) Stock Exchange software.

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