DJI Chart Checking some TA, which I should have done more thoroughly on SPY, I would have seen the obvious TA screaming we go higher. Both the SPY and DJI technicals are stating we go higher. RSI, MACD, MFI, and 50MA are pointing to higher moves in the market. In fact, taking a look at the 10YR is another confirmation of where we're heading.
We are at a crossroads. As if we have nothing to invest in. Gold is, in absolute terms, highly overpriced. Gold is more than 50% above the 24 year average. And highly diverging... It still is the massive elephant in the room. Yield rates are the small rat in the room. Due to fast rate hikes, the bond market has suffered incalculable losses. Gold...
Dear colleagues, I assume that wave 4 is coming to an end and the price is in the area of long positions. I believe that the price will reach the resistance area 34067. Perhaps the price will renew the minimum. Be careful. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Dow Jones is priting a bottom on the newly emerged Channel Down which calls for a short term buy. The same kind of formation was witnessed in middle March on the long term bottom pricing when the (recently broken) Channel Up started. Trading Plan: 1. Buy on the current market price. Targets: 1. 34400 (MA50 1d). Tips: 1. The RSI (1d) is on the 30.00 oversold...
SPX is plowing through higher highs. It is a runaway train. Have you entered that train yet? You better enter it because SPX will soar! But runaway trains have the fate of collapsing in on themselves. Their weight is too much for the foundation to sustain. Not all is SPX. VIX is also attempting to measure the risk involved in SPX. And VIX is as bullish as it...
Dow Jones / US30 hit the bottom of the Channel Down that is correcting the index to the Rising Support of the larger Channel Up pattern. It did cross under the 1day MA200 (bearish) but on the other hand the 1day RSI is rebounding on the Oversold Support (bullish) like on the March 13th low. Keep a tight SL on the low of the bottom candle and buy. Target 34400...
we could see another rebound in 2nd half of this year due to easing inflation rate. july is uncertain.
Electric vehicles are growing so fast that Exxon Mobil is preparing for a future when "customers don’t need that gasoline". Exxon Mobil Corp., which operates one of the world’s biggest oil-refining networks, is trying to be more responsive to changing consumer demands as the energy transition gathers pace. The changes it’s considering include potentially...
Stated a while ago, not sure if we posted here but did elsewhere (see profile), that we had short term Treasury exposure @ 50% but it's 75% atm. (it's a placeholder until trend changes) Should've been shorting the entire time down. TVC:DJI @ support but this area has not been a strong level. However, we are severely oversold so that bounce can be close & it...
This is where we see how serious the decline in DJ:DJI is. AMEX:DIA has not been this oversold since March of this year. 2nd Pic: Right side = 15minute chart The lower part shows the Relative Strength = RSI At the moment is shows some positive divergence, higher lows as index falls. This is the battle ground!!!!!!! Keep in mind that the index has taken a...
Dear colleagues, I think that the price will make a correction to the resistance area 34254. If the price does not update the minimum of wave 1, then it will be wave 4. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
The Dow Jones index (DJI) has broken below the long-term Higher Lows trend-line and has transitioned into a Channel Down. The current Lower Lows leg is approaching not just the bottom of the Channel Down but more importantly the 1D MA200 (orange trend-line) and the 1W MA50 (red trend-line). The latter in particular provided a Double Support Bounce on (June 01 and...
Fibonacci levels from historic lows, to significant tops. Note that at the .786 level, and anything lower, (note as well the potential 30% drawdown lasting up to 2 months that can occur at significant cycle bottoms) has historically been the bottom for the cycle. We might front run the bottom though and fill up before we reach say $10,000 or lower. The 2018 bear...
nikjhgfwrhnikwg Watch video. I am more or less bearish on every timeframe besides the week timeframe. The week timeframe says we go back up to test, because of being oversold, every lower time frame says its ok to keep moving down. inhgr3bhyigwrnbywrb
Still a defensive week. We will see what happens with the Fed Reserve stuff tomorrow.
DJ:DJI broke the head & Shoulder pattern on daily charts. However, the volume was not heavy. AMEX:DIA also broke the up trend from the bottom in 2022 SERIOUS DAMAGE has been done the last 30 days. We can get a bounce here BUT being Friday, not sure. --- The previous MONTHLY BEARISH moving avg crossover on the DJ:DJI happened in June 2008. We all know...
Dear Colleagues, I assume that the price will soon start corrective movement 2, after which I will consider only short positions with the aim to reach the support area 33679.41. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Dow Jones is waving a strong bearish break out signal as it crossed under the bottom of the 6 month Channel Up today and most likely will close that way. This means that the trend is shifting to bearish on the medium term as a new Channel Down could emerge. Trading Plan: 1. Sell on the current market price. Targets: 1. 33840 (MA200 (1d)) and if it breaks after a...