us30 now need bulling fot red zone after touch or fill starting bearing good luck
$VIX rarely tends to trade in a small & tight range. #VIX Sold off big last couple months & traded in a decent range for a bit & recently, including today, popped big. As you can see it hit the top part of the Triangle Formation. Hard to call here but stocks gaining some momentum, being that many were OVERSOLD, including $DJI & $NDX, $SPX and so on, is not out...
$DJI bounce decently off support on daily charts. This may take some time to heal. However, IF #stocks can hold for the next few hours it can be okay. The only reason it's not pumping higher is $GS & $JPM, #banks. On the 4Hr we see a DOJI formed MORE than 4 hours ago & on the CURRENT 4 hr candle it is being ENGULFED WITH VOLUME. We want to see a close above 32k...
The Dow Jones Industrial Averages index has been holding much, much better compared to the S&P 500 and Nasdaq indexes. While the other two indexes have been down considerably since we started to predict the crash (18% SPX & 25% NDX), the Dow Jones (DJI) has gone down only by 12%. This is the last one of this series of articles. Feel free to relax as we get...
Here’s a 12M chart of the Dow. Before the Great Crash of 1929, the Dow bounced strong off the midline in 1922 before reaching out a peak at the top line of the trend channel, and then making a sharp reversal across the midline straight to the bottom channel, hitting its low in 1932 before the damage was done. Turn the page to the present and the chart is so...
Why do you think there is such a strong rush to close/shutdown everything crypto? The traditional global financial system is about to crash and they don't want competition. Remember, they are owned by banks and banks are used to having a monopoly on money. If the financial system crashes due to its many weaknesses, it will lose all of its customers to the other...
Every major crash in modern history came after rate hikes completed. Either during the plateau or during the first cuts. No bulls can explain how we're going to avoid that fate this time. We hiked twice as fast as 2007 and 2018 hikes, yet somehow there's gonna be a soft landing? Yeah right LOL It's already looking like a broadening wedge like 2000; and about to...
I think the market is consolidating for the next push up... but probably won't be consolidating here anymore, rather lower is coming... I'm fully expectant and prepared for LOWER LOWS to come... so if you want to follow idea on Long, do know it's early still... Tape Wise, market flipped bull mode on October 13th... price going lower is not "PER SE" a bear...
Federal Reserve raising rates vertical fasted in history. 1. More people getting bullish before mass bankruptcies are filed 2. Bull whip effect in full force too many new hired people from stimulus 3. FED are stuck and have to raise rates through a recession threat to defend the US Dollar and US bonds 4. They potentially avoided the blow off top but can they...
My target for US30/Dow Jones is 29000 My reasons : Technically, price failed to create new highs and it's a signal that bullish momentum is turning bearish, which will be confirmed if the weekly candle close below 32000 Fundamentals also are putting pressure on Dow Jones, as we have SVB saga, inflation, strong dollar, US debt deficit and more
The Roaring Twenties roared loudest and longest on the New York Stock Exchange. Share prices rose to unprecedented heights. The Dow Jones Industrial Average increased six-fold from sixty-three in August 1921 to 381 in September 1929. After prices peaked, economist Irving Fisher proclaimed, “stock prices have reached ‘what looks like a permanently high...
It seems that The DXY index is making a leading diagonal. The end of wave 5 can end at TRZ(Time Reversal Zone) & PRZ(Price Reversal Zone). I expect that the DXY index has started the first impulsive wave. U.S.Dollar Currency Index ( DXY ) Analyze, 4h-Time frame (Log Scale)⏰. Do not forget to put Stop loss for your positions (For every position you want to...
Dow Jones is officially oversold on the 1D time frame (RSI = 29.490, MACD = -335.510, ADX = 43.978) with the RSI being that low for the first time since September 30th 2022. By hitting also the S1 Zone and the bottom of the Channel Down, it becomes a buy opportunity for us, TP = 33,450 (P1). ## If you like our free content follow our profile to get more daily...
As stated many times, in & out. Get as much as you can and then WAIT, be PATIENT IF you want to hold longer. It could be a while before we get another good longer term buy opportunity. As stated before, SCALPING quick moves. Most of these were not huge moves BUT Put premiums did lessen & provided 10-25% in minutes. $MSFT went from 249 - 252 $ZS 106 -...
I have posted about this chart before, but I wanted to show it more clearly this time. Above we see SPX, the standard chart. Below we see a custom index I invented, which is VVIX/VIX. It is a neat way to make sense of the chaotic nature of VIX. To clear things out, I have hidden both charts and instead I show an indicator called WLSMA. It is tremendously helpful...
$VIX pumped hard these last 2 days Was interesting that it hadn't done much considering how much the #markets had fallen. However, it could be short term topping out as #stocks are oversold atm. 25 has been an issue for some time now. Other data is showing that we are likely setting up for a nice run.
Early this open RSI looks ok & is oversold. Not buy much but it's been a good amount of selling Took advantage of this dib & went on buying spree. As we've been saying for some time, IN & OUT, scalps & short term trades. We've also been SELLING PUTS to help reduce risk by bringing premium in. If the premium subsides a good amount we cover. Not looking for home...
This Dow Jones (DJI) from the start of the 2022 Bear Cycle until today with the 2007 - 2009 (Housing Crisis) Bear Cycle fractal plotted on it. As you see up until the mid October bottom, the two sequences practically traded in an identical way. Since then however, Dow has completely diverged from the 07/09 fractal and despite the late weakness, it is hard to claim...