Dow Jones on Wall Street 2023

Dow Futures 2023 Preview

By:Ryan Sullivan

How is the Dow trading as we close out 2022? 

Dow futures are currently trading at 33,301, down about 8.34% from its opening price of 2022. The Dow is up only a few hundred points from the last Dow futures update two weeks ago. 

The last three weeks of Dow futures trading have been slow. Volatility is down and any hope of a follow-through rally into January has vacillated. That’s not terrible news though, since any selling from here will bring back volatility. 

The market rally that started in mid-October led us to where we are now. We’ve sold off slightly from that rally, but the motivation to sell off further doesn’t appear to exist for the moment.  

We have entered a near-term bear trend, but selling pressure is only making small advances for now. 

Year-to-date price percent change for SLV, DIA, IWM, and TLT.

Fig. 1: Year-to-date price percent change for SLV, DIA, IWM, and TLT. 

Where will the price go as the new year approaches? 

Since buying pressure has teetered off and selling pressure is not incredibly strong now, it seems as though we will remain in this general range through the new year. Somewhere in the range of 32,605 and 34,076. 

As the new year arrives, the market will position itself for the start of 2023. Any anticipated events that have not yet been fully acted on will begin to take shape. If the market happens to be priced too optimistically right now, we will see selling into the new year. 

Given the current price position, it is likely that Dow futures will want to sell off in January. It could be a quick sell-off if buyers are strong, or we could move down to trade in a new range for the start of 2023. 

What will happen in 2023? 

The near-term bottom that the Dow posted at the start of October represents a level of fear that exists in the market in 2023. The strong rally from this price level is a positive indication of further bullish movement. 

Markets like to test and retest support and resistance before moving to new trading ranges. It is likely that Dow futures will trade around the low that we saw in October. If we do get this test, we will be able to observe how price reacts to reaching this price level again. 

If we retreat from this price level quickly again, look for continued buying pressure in 2023. If we push lower from here, test 2022 lows and remain in that range, look for mixed markets in 2023 that might not test all-time highs.

Options involve risk and are not suitable for all investors. Please read Characteristics and Risks of Standardized Options before deciding to invest in options.

Related Posts

tastylive content is created, produced, and provided solely by tastylive, Inc. (“tastylive”) and is for informational and educational purposes only. It is not, nor is it intended to be, trading or investment advice or a recommendation that any security, futures contract, digital asset, other product, transaction, or investment strategy is suitable for any person. Trading securities, futures products, and digital assets involve risk and may result in a loss greater than the original amount invested. tastylive, through its content, financial programming or otherwise, does not provide investment or financial advice or make investment recommendations. Investment information provided may not be appropriate for all investors and is provided without respect to individual investor financial sophistication, financial situation, investing time horizon or risk tolerance. tastylive is not in the business of transacting securities trades, nor does it direct client commodity accounts or give commodity trading advice tailored to any particular client’s situation or investment objectives. Supporting documentation for any claims (including claims made on behalf of options programs), comparisons, statistics, or other technical data, if applicable, will be supplied upon request. tastylive is not a licensed financial adviser, registered investment adviser, or a registered broker-dealer.  Options, futures, and futures options are not suitable for all investors.  Prior to trading securities, options, futures, or futures options, please read the applicable risk disclosures, including, but not limited to, the Characteristics and Risks of Standardized Options Disclosure and the Futures and Exchange-Traded Options Risk Disclosure found on

tastytrade, Inc. ("tastytrade”) is a registered broker-dealer and member of FINRA, NFA, and SIPC. tastytrade was previously known as tastyworks, Inc. (“tastyworks”). tastytrade offers self-directed brokerage accounts to its customers. tastytrade does not give financial or trading advice, nor does it make investment recommendations. You alone are responsible for making your investment and trading decisions and for evaluating the merits and risks associated with the use of tastytrade’s systems, services or products. tastytrade is a wholly-owned subsidiary of tastylive, Inc.

tastytrade has entered into a Marketing Agreement with tastylive (“Marketing Agent”) whereby tastytrade pays compensation to Marketing Agent to recommend tastytrade’s brokerage services. The existence of this Marketing Agreement should not be deemed as an endorsement or recommendation of Marketing Agent by tastytrade. tastytrade and Marketing Agent are separate entities with their own products and services. tastylive is the parent company of tastytrade.

tastycrypto is provided solely by tasty Software Solutions, LLC. tasty Software Solutions, LLC is a separate but affiliate company of tastylive, Inc. Neither tastylive nor any of its affiliates are responsible for the products or services provided by tasty Software Solutions, LLC. Cryptocurrency trading is not suitable for all investors due to the number of risks involved. The value of any cryptocurrency, including digital assets pegged to fiat currency, commodities, or any other asset, may go to zero.

© copyright 2013 - 2024 tastylive, Inc. All Rights Reserved.  Applicable portions of the Terms of Use on apply.  Reproduction, adaptation, distribution, public display, exhibition for profit, or storage in any electronic storage media in whole or in part is prohibited under penalty of law, provided that you may download tastylive’s podcasts as necessary to view for personal use. tastylive was previously known as tastytrade, Inc. tastylive is a trademark/servicemark owned by tastylive, Inc.