Snow setting up for a big move here. 8-21 DMA cross just happened on the daily chart. Sitting right on the 233 support level. This one can move fast so if it can see volume it could be explosive. Growth stocks were crushed in March so maybe we see a nice reversal here. Buy some time and looking at 250 calls for later April.
Retro Chart I've been posting and its hitting similarities in 2020. Just hit the Daily 21 EMA, might test the Daily 89 EMA...didn't test Weekly 21 EMA unitl January 2017, but by then...the Dip to the 21 Daily EMA was still Lower than the Januaru Dip...Prices Never Seen Again...
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Dow Jones Industrials Index: DOWI (End of Day) Short Term and Medium term Outlook
At least the markets get the President even if no else seems
to. It's quite impressive that people's pensions are worth 50%
more than 2 years ago in many cases.
How long can it go on?
We can see that the Dow is pushing up against the upper
limits of the two parallels that have...
DAX will start with a bearish GAP. It will continue with a bullish tendency until the zone of the 1 Target to return later to its downward tendency and to reach the zone of 2 Target. The Bearish Impulse is ending and surely on Tuesday we will see an upward trend.
1 Target 10750
2 Target 10600
I wanted to tell you that I'm not supposed to trade on Building Permits because it has a weak volatile movement, but I got out with +60,00 profit anyway.
For FOMC, if you want my point of view, they won't be raising any rates until December. So I believe we're going to trade nicely tomorrow. You'll be surprised of how I will know whether it will go...
The idea here isn't very difficult to understand. DAL has made a run up from $35.51 on August 8th, where we saw a bounce off the 150EMA, a personal favorite area to get long for me, especially looking at the weekly chart for this. Anyways, from the top down:
1) Bullish RSI Holding 60 Support
2) Established Uptrend - Long Term
3) Bounce off 150 EMA
4) Long $4.46...