Make it stop! I hear voices in my head, telling me to sell. This has gone too far. Thanks for Hipster_Trader (stock market twitter person) for helping grouping those up. Right now the Dow is at 25250 points, and this time again markets are rallying on trade hopes. You know what that means ;) Also, quit wasting time on technical analysis signals that have been...
a rare confluence of various but precise factors (the list being kept secret) brought me to the conclusion that : SPX will drop today directly to ~2670 levels mark my words ^^ should make a lot of damage among bulls on the market but this is at the end of the day the very true purpose of the market : inflict pain ! this is why this move will just simply occur.
#DJI Dow Jones Ind - daily zoom out Range - 23,334 - 26,616 decreasing volume VOL ATR - Short macro sentiment uncertain testing 25.6 level support at 24.4k and 23.3k Neutral/bearish
The DJI Shows a Bull Trap, There is a Divergence between the Price Candle And The Volume
The rally looked stretched already but a lower high seems to be carved by the Dow Jones at 25450 levels. The wave structure still remains intact with an impulse Wave (1), followed by a flat corrective Wave (2) that terminated at 26000 levels and Wave (3) underway with lower degree waves i and ii at place around 21800 and 25450 levels respectively. If the above...
Not financial advise. Do your own research. The ideas shared here are the personal opinions of the BitDoctor team. Trade at your risk. Wow. What a rally. Looking at different indicators and charting methods, I've found some confluence I'd like to share with you. 1. We got rejected at what would appear to be some resistance based on a pitchfork. This seems to...
Most probably we have seen a major historical top of the Dow at 27000 area.From this top and for years to come the trend may set down to below 10000. Only smashing and sustain trading above the all time top for few weeks change the scenario and the market may resume the historical uptrend.
if price breaks below purple trendline and form H&S and even breaks below it = BEARISH SIGN Abandon trade if PX bounces away from trendline and move HIGHER All eyes on trade war news between US & China
It seems everyone is bearish on this market (including myself..) and for good reason. It looks like a diamond top.. or maybe even a broadening formation (i.e megaphone- that would have one more higher high just above 3000)..and with a drastic drop coming over the next couple of years.. But DO NOT dismiss other possibilities. If this is a 9 year cycle (mid) top,...
Let's take a look at the dow jones. We see a destruction of the chart picture. The course has broken through the last low and caught again. should we see a lower high, the case is clear. We will see a clear downtrend trend (deeper lows lower highs). The 200 EMA was able to slow the Dow down (usually the course never breaks at the first meeting of the 200 EMA) We...
chopy cluster break down price pullback M30 into fresh supply touch the zone -> Sell
$DJI Big companies already done reporting earnings (which is 1 of the reasons for this rally), the closest noticeable big company - CISCO $CSCO reports Feb 13, apart from that no big dogs in sight for DOW Currently watching rising wedge with targets: ~25k; ~24750; ~24650
Similar to the NASDAQ NQ1! Chart but without details
the dow recently broke some pretty strong resistance (in my eyes) and i think we are heading higher with a probable bounce somewhere in the highlighted range. just an idea. have a good day and please if you have any comments or criticism let me know!
The obvious future does not look good in the Dow Jones. We approach a * crisis * or in the trading room a correction. The dip has created a significant technical damage on the chart. An important brand is broken. the course is currently testing the 200 ema and is near by the 78 fibonacci. I'm not saying the course is going to break next time, but I'm assuming...