The euphoric market is just asking for trouble.
DJI is expected to sink now. There are many reason why we feel it may sink. 01. It is below quarterly buy level. 02. hammerl in daily Chart. 03. To sink and may come near 16150 04. Stoch RSI (3,3,14,Close) is not clear. 05. RSI(14,CLOSE) Is Bearish. 06. CCI(20,CLOSE) Is also sinking. Keeping all the above indicators in view along with the chart pattern we...
Just some idle price movement predictions and a look at the inverse correlation between EURUSD and Dow Jones Index. I think March 10th with Draghi and ECB will probably cause some surprises and sharp movements, so just for fun I predict a hope-fuelled rise in equities (and decline in EurUSD) up until 10th March, and assume Draghi shatters all illusions. Stocks...
DJIA is expected to rise. There are many reason why we feel it may RISE 01. It is trying to touch Monthly Risk buy level of 16719. 02. BULLISH ENGULFING in WEEKLY Chart. 03. To RISE and come near 16597. 04. Stoch RSI (3,3,14,Close) clearly states it may RISE. 05. RSI(14,CLOSE) Is also of the same view. 06. CCI(20,CLOSE) Is of the same view. Keeping all...
DJI is expected to RISE now. There are many reason why we feel it may RISE. 01. It is taking support at quarterly levels trying for a big jump. 02. Bullish engulfing in daily Chart. 03. May reach weekly target 16326 04. Stoch RSI (3,3,14,Close) states it may rise. 05. RSI(14,CLOSE) Is also of the same view. 06. CCI(20,CLOSE) Is also rising. Keeping all the...
We won't be getting higher than the yellow line any time soon. With recent events around China's "real" numbers coming in (who knows what's real anymore?) and the issues around oil production (which are NEVER going away b/c in 15 years we won't even need oil anymore), the market is in a major, structure re-evaluation phase. Why? 1. Global unease in the old model...
Look at what happened during the pre-shock "market dump test" in August. Look at what happened to the real move at the beginning of this year in Jan., Feb. The market bounces like a ball, even on the way down I think at the moment we will bounce for a few weeks.
Last week I was looking at this 5 year chart, the green line on top with the descending triangle and thinking if we didn't bounce off what I call the "great line of apathy" then we would go further down. We pierced it. Thus, we go down.
Since 2009 the ISM PMI has never hit under 49.0 3 times in a row , let see what China Manufacturing brings this Monday Feb 1 in the morning. With Iphone sales slowing and the FED meeting on Mar 16 I don't know if the PMI is anything to read into but i worry about it , if this prediction does not work then its market thinking about QE instead of the global slowdown.
On January 04 2016 DJIA closed lower than our sell level of 17174. Triggering Short call. The Target 03. 16573. was cleared on 07 January 2016. and closed bellow 16514. DJIA bottomed out at 15450 on 20 January 2016 and bounced back sharply. DJIA is expected to touch to 16249 in near future. Caution: The above is our personal view. Neither a recommendation nor a...
If you just look at price and volume action, especially recently this is kind of what it looks like to me (if it actually bounces). The August thing was just a "before shock".
Dow approaching weekly lows, will it form a bottom after it further decreases? If dow decreases it can further head to following bear targets.
I have been following this megaphone setup. It is almost identical to the GFC top reversal.