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...
We posted an interesting idea September 11th. These are today's notes. --- The TVC:TNX is pumping higher - "Coincidentally" the SAME time frame that the TVC:NDQ TVC:DJI & SP:SPX are breaking down! The 2yr has moved a bit & is testing a breakout level. All shorter time frames from the 2year are STAGNANT! #stocks #dollar #yield
Dow Jones crossed again over the former Falling Resistance after making a bounce near the 1day MA100. This is the third time this level holds in almost one month. This keeps the long term Channel Up pattern intact. The 1day RSI is on the exact level of the June 2nd break out, showing a high level of symmetry of waves inside the Channel Up structure. Buy and...
Key events: UK - CPI (YoY) (Aug) USA - Crude Oil Inventories USA - FOMC Economic Projections USA - FOMC Statement USA - Fed Interest Rate Decision USA - FOMC Press Conference Mixed Market Signals: US Stock Futures Stabilize, Forex Rates Range-Bound, Gold Edges Up Slightly We observe a blend of mixed signals across various asset classes. Here's a brief...
GOOD MORNING! The 10 largest companies in CBOE:SPX = about 35% They have an average P/E of 50 Kind of scary FYI TVC:DJI joins the Head & Shoulder party As data comes in we readjust #SPX #SPY #DIA #DJI #stocks #indices
Hello, Welcome to this analysis about the DJI - Dow Jones Industrial Average Index. An important index in the stock market and as we have seen an absolute recovery since the heavy corona breakdowns that hit global financial markets at the beginning of the corona pandemic last year there developed unhealthy movements within the market as the stock market moved...
Good Morning! We turned neutral, from Bullish Sept 2022, late July - early August. Since then #stocks have traded slowly lower. For the moment all major indices trade ABOVE longer term moving avgs. This tends to be a good sign. However, they're all trading sub short term moving avgs. Furthermore: Indicators like RSI & Money Flow have eroded recently They've...
My name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks , crypto , options and indices 🖥️ I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise. This is how you build real long term...
Dow Jones is having a sharp opening pullback on the 1H timeframe but remains on a bullish 4H technical outlook (RSI = 58.586, MACD = 126.970, ADX = 41.565), as the HL trendline of the Bullish Megaphone is holding. The reason for the pullback is the rejection on the R1 Zone (35,100 - 35,030). A 4H MACD Bearish Cross will most likely take the price to the HL...
World markets bottomed on Spetember 2022 and during the recovery, European stocks AMEX:FEZ outperformed US stocks TVC:DJI for 9 months Nos, for the last 3 months, US stocks are back in the leadership as the DJI/FEZ ratio broke its downtrend back in April; just weeks before the AMEX:FEZ broke its trendline That is why relative strength is so important,...
Dow Jones (DJI) gave us a strong bottom buy signal 8 days ago (see chart below): On today's idea we look at the 1H time-frame, which offers a buy opportunity for quick 1-2 day profit as the index is on a strong bullish leg within a newly formed Bullish Megaphone. Based on the 1H RSI which turned overbought and the 1H MACD which just formed a Bearish Cross,...