Dow Jones - Not a coincidence - Bearish signs

DJCFD:DJI   Dow Jones Industrial Average Index
This is not financial advice. These are my personal views. Nothing in this should be taken as advice.

Looking at the log scale going back to the great depression, there are several things that we can see. We've been in this channel for almost a century. Ebbs and flows and signs that we are running out of steam.

I heard people joke around a few months ago that the stock market just "keeps going up" but if we're being honest with each other, we're running out of runway and there's a cliff in front of us. If we can't get off the ground, we're going to fall into the ocean.

Alright. Bad analogies aside, we're seeing bearish divergence on the 6 month scale going back to 1999 and the recent fall in 2017. We're at the top of this channel as its drawn and while there's nothing to really say we're going to fall tomorrow, there are certainly signs that we're in a euphoria stage in the stock market.

1. Trade wars. Need I say more?
2. Inflation . USA is printing money like it's going out of style
3. Interest rates cut. The economy is so good, yet we're cutting rates. What?
4. Trump. Like him or hate him, there's definitely euphoria around the stock market around election time and right after his election.
5. Yield curve.

I could go on but these are the important pieces of information I am holding near and dear to my heart.

I don't consider this a dire warning as the market can continue going up but we are quickly reaching the point where if (or when?) we collapse, it could wipe trillions out of the stock market.

Please be careful. Watch for big companies to fall first. Watch Amazon, Apple , Netflix . If people are bragging they have $500Bn in a stock, they're probably looking to sell it to you. You don't generally brag about big positions unless you're looking to sell.

No targets. No timeline. This chart creates one candle every 6 months. This is a slow moving dragon.

Trade carefully friends.
<3 -CE-
The BitDoctor Team
Join our community on Discord. We would love to have like-minded individuals collaborate with us.

Please DM me for an invite. We would be more than happy to invite you to our group.


Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out