Forecast Dow Jones: Move up to 20250, then major move down
Forecast Dow Jones for next few months: Small retrace, then move up to 20250 (162 Fib level), then swift move down.
Move up should happen between now and mid March.
This is the first time i analyse DJIA, so don't hold your breath ;]
Move up should happen between now and mid March.
This is the first time i analyse DJIA, so don't hold your breath ;]
Trade active:
Update:
Dow dropped and reversed up as predicted.
Notice that move up is deceptive since only the bank-stocks pulled the index up while most other stocks in the index struggle(d).
This all fits in the picture of forcing bullish sentiment while distributing in the background.
For now expect more upside, looking for a move up to the 161 Fib at 20250.
Visual update:
Dow dropped and reversed up as predicted.
Notice that move up is deceptive since only the bank-stocks pulled the index up while most other stocks in the index struggle(d).
This all fits in the picture of forcing bullish sentiment while distributing in the background.
For now expect more upside, looking for a move up to the 161 Fib at 20250.
Visual update:
Comment:
Wrong chart!
Should have been this one:
Should have been this one:
Sultan of Swing
Looking for surge up to make a new all-time-high.
Trapping everybody in super bullish sentiment.