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AlanSantana
Feb 16, 2019 6:43 PM

Dow Jones Industrial Average Crash Ahead (Bearish Divergence) Short

DJ:DJI1D
Dow Jones Industrial Average IndexDJ

Description

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The chart for the Dow Jones (DJI) is basically the same one as the S&P 500 (SPX). So needless to say, this one will crash as well.

My long term analysis for DJI is still valid, you can see it here:


This new crash that is incoming is just an extension of the one I mentioned above.

Looking at the chart:

  • We have bearish divergence showing up on the MACD and RSI.
  • The rising wedge pattern is bearish in nature.
  • Resistance is being reached. Expect a minor push up followed by the drop.


Make sure to SELL/SHORT before the crash.

P.S. This information and all information shared on the Alan Masters (@alanmasters) channel is solely for learning and entertainment purposes only. This is not financial advice.

Hit LIKE if you found this useful in any way.

Thanks a lot for reading.

This is Alan Masters.

Enjoy your weekend.

Namaste.
Trend AnalysisTechnical IndicatorsBeyond Technical AnalysisdowjonesDJIStocksindexForexfxalanmasterscurrency
Comments
streetgainer
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Watch the materials, money quietly moving out of equities into materials. Very stealthy.
andrewau2014
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@streetgainer, From what evidence?
streetgainer
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@andrewau2014, Money flow
gvoommen
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When there is no fear in the market, how can the market tank...I am just curious.
AlanSantana
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@gvoommen, Chart signals and indicators. Check my Apple Inc. chart. It crashed with no fear.

Same for my SPX from October.

Fear is not the only factor driving the market.

You will see how it will crash pretty soon.
gvoommen
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@alanmasters, Apple and SPX started crashing when VIX started going higher from 03 October 2018 to be precise.

AlanSantana
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@gvoommen, See here:


Here:


and here:


gvoommen
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@alanmasters, thanks for sharing the previous analysis. I have a question. Are u expecting the index to test the previous low made in December 26 in the next 2 weeks.
DaddySawbucks
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@gvoommen, These trends take longer to play out. Near term puts will expire worthless. Watch, wait... soon, by th'inconstant moon!
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