Welcome all members from TradingView, today I public my opinion about Dow Jones Industrial Average Index.
After the last time for pull back, now we have many different vision for US stock market right now but in below is my viewpoint at this time.
This is not the first time I public my opinion about DJI and many time before I also notify for all you about Crisis.
Ok, now we will consider some aspect we have in here.
Look at both chart in above for DJI in 2008 and now. I ticked the zone that “We are in here “ in history of 2008 chart for all you can image where we are.
Now after last pull back, we are nearly with MA50 and if comparing with 2008, we may have strong dump after this time.
After the lsat pull back, we have nice bounce from the zone of MA200 ( black line ), but in next time, we may fall down MA200 and re-test it again before Crisis start.
The time MA50 cross below MA100 in weekly chart is prepare for huge dump.
Before current pull back we have dump with nearly 19% comparing with 17% in 2008. These figure are similar together.
If Crisis happen, so we may see the bottom in nearly 12300 index for Dow Jones.
MACD also reveal similar action
We all see divergence in RSI ( weekly chart )
More detail I will update in below <3
After the last time for pull back, now we have many different vision for US stock market right now but in below is my viewpoint at this time.
This is not the first time I public my opinion about DJI and many time before I also notify for all you about Crisis.
Ok, now we will consider some aspect we have in here.
Look at both chart in above for DJI in 2008 and now. I ticked the zone that “We are in here “ in history of 2008 chart for all you can image where we are.
Now after last pull back, we are nearly with MA50 and if comparing with 2008, we may have strong dump after this time.
After the lsat pull back, we have nice bounce from the zone of MA200 ( black line ), but in next time, we may fall down MA200 and re-test it again before Crisis start.
The time MA50 cross below MA100 in weekly chart is prepare for huge dump.
Before current pull back we have dump with nearly 19% comparing with 17% in 2008. These figure are similar together.
If Crisis happen, so we may see the bottom in nearly 12300 index for Dow Jones.
MACD also reveal similar action
We all see divergence in RSI ( weekly chart )
More detail I will update in below <3
Comment:
The first time during last 10 years we have divergence in monthly RSI
Comment:
I also have analysis when DJI upper 25000 in Dec 2018
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I explain about the signal for similar index as S&P500 in here long time ago and now going exactly
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Some similar and small different:
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This is some similar in Crisis in 1929
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Divergence signal in monthly - RSI is the clearest for Crisis
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Reveal about Dow Jones from 1954 - 1984