DJCFD:DJI   Dow Jones Industrial Average Index
313 3
Hi guys. I find this current Force Index reading extremely unusual. We have a change of the same magnitude as that of 2008 but this time there's no slow roll over. It's apparent that this is an extreme condition. As a trader I keep getting a feeling that something is cooking. I'd be careful with long exposure at this time. Thank you for taking a look.
Right, the market is trying to tell us something. I have a wave model that showed the down wave we saw in Feb at -6.135, the next wave is another down wave due in July at -15.69. The next wave down is almost 3 times the size of Feb 2018. About half of my quarterly oscillators have been showing a negative divergence with price- the oscillator highs are showing in Mid-2015, not January 2018=another warning. Its time to buckle the seatbelts as weak hands get shaken out for trend resumption likely in 1st Quarter or so (roughly speaking) of 2019.
+1 Reply
That's got to be money leaving stock market and moving into $BTC.
Please compare to the bond chart BND
Think lot of bonding buying+ the Buffett AAPL buying news + market manipulation
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Get Help Ideas Published Followers Following Private Messages Chat Sign Out