Technical cheat sheet: Dow 30 down but not out
Discover the changes in the Dow 30’s trading outlook as the TCS delves deep into the transition from a bullish daily timeframe towards a more cautious stance, reflecting the nuanced positions of CoT speculators and IG clients.
We take a look at the Dow 30 in our latest Technical Cheat Sheet video, where it's no longer a bullish overview on the daily timeframe, even if the weekly has managed to hold on. There's also the matter of what traders have been up to, with Commitments of Traders (CoT) speculators moving out of heavy buy territory but still remaining majority long, while IG clients are also moving closer to the middle but with an opposite majority short position.
And while technicals are in focus, let's not forget the fundamental items on offer this week and on multiple fronts, with more earnings from Big Tech, the Federal Open Market Committee (FOMC) policy decision, and market-moving data.
This information has been prepared by IG, a trading name of IG Markets Ltd and IG Markets South Africa Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.
Explore the markets with our free course
Discover the range of markets you can spread bet on - and learn how they work - with IG Academy's online course.
Turn knowledge into success
Practice makes perfect. Take what you’ve learned in this index strategy article, and try it out risk-free in your demo account.
Ready to trade indices?
Put the lessons in this article to use in a live account. Upgrading is quick and simple.
- Get fixed spreads from 1 point on FTSE 100
- Protect your capital with risk management tools
- Trade more 24-hour markets than any other provider – 26 in total
Inspired to trade?
Put the knowledge you’ve gained from this article into practice. Log in to your account now.
Live prices on most popular markets
- Forex
- Shares
- Indices
Prices above are subject to our website terms and agreements. Prices are indicative only
