The market's are being influenced by a single stock. How? Well there are linkages and arbitrage opportunities between the big Indices --> SPY, DIA, QQQ
What does this mean? This means that if you can make the Dow go up, you can make the S&P go up. If you can make the S&P go up, you can make the Q's go up and vice versa. Can you give me an example? Sure, the fact...
Hey guys! Posting an update on my DJI analysis, since we're close to invalidating the possibility of further weakness (for the time being). As I said in my previous analysis, it was best to remain on the sidelines after the bounce from the 21000 area, since it was fairly strong. In addition, I indicated the possibility that we'd actually break the previous high,...
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I see a lot of energy in this market. Price action has once again pierced a long term resistance level that originates at the 1987 high and takes in the 2000 high (thick red line).
Technicals on the monthly still have to fully unwind.
I will wait to see whether the DJI makes a higher low in the next cycle bottom or whether it breaks down lower.
If it makes a...
After long rally Dow Jones reached main resistance are between 26000 to 26500 . its possible to break the previous top and reach 27000 then to be dropped hardly to 23.333 . if we can check previous down trends , most of them started after SHOOTING stars doji but nice one ! so 1st signal to start short positions after closing with this candle stick then short...
In Addition if we add a Regression Channel these channel indicates us a long Position, cause Channel is going higher.
We have to check on Monday at end of the day whether that continous or not so adjust the Position maybe.
Another strong week, once again we didn't drop below the weekly pivot so bullish all week.
We had a weekly close above the monthly R1= bullish.
YR1P is at 26284, however it is in a low volume node and price could use quickly through to 26400, which was last years R1 pivot.
Volume profile showing nice positive skew and still building value higher. The profile...
100pt renko chart with support and resistance zones highlighted. Clear up to 26100 and then 26600. Don't short until you at least see some red on the daily renko!!
In the late 1937 after the great depression huge money printing have happened in order to stimulate the economy... Many successful investors and portfolio managers have mentioned that we have been in the last cycle of the business cycle ! According to one of the most successful money managers Ray Dalio we have been in a similar perdion as the late 30s period....
The chart for the Dow Jones (DJI) is basically the same one as the S&P 500 (SPX). So needless to say, this one will crash as well.
My long term analysis for DJI is still valid, you can see it here:
This new crash that is incoming is just an extension of the one I mentioned above.
Looking at the chart:
We have bearish divergence showing up on the MACD...
