Please, look at the chart that SPX broke the long term downside trend since this year early-January . If you see my previous analysis I was very bearish since middle of 2022. Normally long term down trend reversal last at least 6months. Upside has shown for 3months now. I personally belive that one more quarter is left to play bullish further more. 1st....
After a good upward trend, the index shows its inability to continue the upward trend and accumulation in the range of 34600-32500. The evidence indicates that there is no potential force to exit this area and continue the upward trend, and if the price stabilizes below the indicated purple area, we can see a fall to the indicated areas in the coming weeks. TVC:DJI
In this video I talk about the larger pattern and also what is going on at the highs since March 2020. I believe we are only months away from a systemic collapse which will be the largest in modern history. It is my assertion that the move up since 2009 was a Type-2 Expanded Zig-Zag Wave D. This Wave D is now nearing it's final move within Wave (C) which cannot...
Pair : Dow Jones - DJI30 Description : Impulse Correction Impulse Break of Structure Flag Pattern Bearish Channel in Long Time Frame and Short Time Frame as an Corrective Pattern Divergence Completed " 12345 " Impulsive Wave " ABC " Corrective Wave
In this video, I explain what to expect in the months ahead, following the Fed's pivot back to monetary easing. Also, I wanted to make several notes: When I said that it's almost never better to own derivatives than holding an asset outright, I do realize the importance that derivatives can play with leverage and risk management. When I said that fear is...
Dow Jones found Support on the S1 Zone as we called last week (see idea at the end) and closed 4 straight candles inside it. The 1D time-frame remains technically red (RSI = 37.784, MACD = -381.660, ADX = 48.656) and the rejection on the 4H MA50 is keeping the price at bay. This appears to be like the rejection on December 21st 2022, which kept the price inside an...
From a study last year identifying RSI patterns during major market crashes. All hypothetical but I saw an interview today where someone said they were confident all is fine, saying banks are "too big to fail". Let's hope so. Best, Hard Forky
Recently we made a post on how $NDX would outperform $DJI being it lacked #banks & #oil & it has done this. As we have stated for some time, we're still CAUTIOUS BULL on the #stockmarket. Even after this latest fiasco. CAUTIOUS is the key word. Daily $NDX broke channel to upside AND longer term downtrend!!!!!!!!!!!!!!!!!!!! Weekly chart shows #NDX holding above...
Revisiting this scenario where 1929 style crash fractal is overlayed with current market structure. It was just an excercise and not a prediction but having reviewed the data again and considered Robert Prechter's Fibonacci predictions about the end of Super Cycle wave 5 I am giving it another chance with a speculative short. The short initiate at break of...
Didn't get the bottom but got most of this intraday rally. Went green & we covered all exposure done today. Very nice day! Could rally more but WE ARE DONE. Going to park in a few to hang out with the girls. $TQQQ $UDOW $COIN#UDOW #TQQQ #COIN #stocks #trading
We can see intraday that #banking exposure is less on the #QQQ vs #DJI Nibbled on #TQQQ this morning. Don't be surprised if it goes green today, at least short term. We may get some sort of push before EOD, doesn't mean risk is over. TRADING $QQQ $TQQQ #stocks
By far the conflicts seen from Russia and Ukraine outweigh the monetary greed fueled by each of the earlier struggles. With the world seemingly in a 'cold war state', all of this preceded by a deadly pandemic that took over our world. It makes sense to evaluate crisis based on impact, and the impact seen on the market just isn't enough and doesn't align correctly...
Dow Jones found Support on the 31710 level (Support 1) of the November 3rd Low. The long term Pitchfork indicates that this is its bottom level. Trading Plan: 1. Buy on the current market price. Targets: 1. 34350 (near Resistance 2). This is a similar impulse wave to June-July and October. Tips: 1. The RSI (1d) hit the oversold barrier for the first time since...
Spoiler alert: More evidence against NDQ in this idea! US Companies are organized in clusters, some of them are DJI, SPX, RUT, NDQ etc. Some of them are more trustworthy than others. And by that I mean which of these sets one can depend on. DJI is indeed a dependable group of companies, the so called Blue Chips. Composed of the 30 largest US Companies. These...
This is a chart we've looked into in the recent past for Dow Jones (DJI) but amidst the recent uncertainty, we think it is necessary to refresh in order to keep things into a longer term perspective. The time-frame is the 1W (weekly) where Dow is seen forming an Arc pattern on the 1W MA50 (blue trend-line), which since the 2009 housing crisis bottom, has formed...
You might not recognize this chart. To get some background on it, refer to the linked idea down below. You will find it in my profile. As it turns out,it looks like we are in a classic Wyckoff Distribution. It is remarkable that this is hidden beneath our noses. The timing and the accuracy of the future phases may not be completely correct, the path is...
The Dow is testing an intermediate support at 31776 but we're seeing a really nice potential pullback to an overlap resistance of 32490 which is also a 38% fib retracement. A reversal from here could see prices drop all the way down to the next overlap support at 30285. It's worth noting that price has also crossed below the Ichimoku cloud suggesting that some...
$DJI has seen a ton of SELL volume & in reality the environment doesn't seem conducive of any positives. Bu there are some. Pluses: Doji - Needs more confirmation tomorrow. Oversold on daily & support is 32.5k Major long term downtrend is around 31.1k Inverse Head & Shoulder can still pan out as long as #DJI doesn't break below the last barrier. Technically, it...