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gghsusa
Apr 4, 2019 4:32 AM

DOW JONES 1960's - comparison 

Dow Jones Industrial Average IndexTVC

Description

Looking at broadening formations: similar pattern 1960's-80's. Larger span of time then.. just interesting to me

Comment

Very important chart below: The stoch/rsi points to trend resistance now. Watch for a roll over starting very soon. However, I don't think the rally is done. We may see a bear trap set in this next little dip before the rally over 3000 (#5 on the chart). Be prepared for something awful and terrible soon after.

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Rising wedge

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Watching stoch/rsi VERY closely:

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60min chart- nice little surprise descening broadening here:

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July 3rd, 2019 after market close, E-Mini touched 3000:

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This is a significant spot for the DOW.. 3x bear on a weekly timeframe? Uhmm...

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I need this for my records so I can look back one day:
Comments
guralfatih
This has played out very well.
gghsusa
my theorized 'bear trap' has been triggered haha
I am seeing a pattern on the 1hr chart that makes me believe it could rally from here.
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