DJI is expected to RISE now. There are many reason why we feel it may RISE. 01. It is taking support at quarterly levels trying for a big jump. 02. Bullish engulfing in daily Chart. 03. May reach weekly target 16326 04. Stoch RSI (3,3,14,Close) states it may rise. 05. RSI(14,CLOSE) Is also of the same view. 06. CCI(20,CLOSE) Is also rising. Keeping all the...
DJI : DJI made a recent low of 15364 which was very much bellow 15459 our Quarterly safe exit level. The acheivable upper target for DJI by end of March is 18351. On a lesser time frame that is End of February 2016 DJI may reach any where between 17635 to 17860. For our weekly traders we sujest a SELL bellow 16055 with a SL @ 16107 target 01 @ 15924 Target 02 @...
It is clearly that all stock markets are still in a down trend and heading to new lows after a small correction to the upside. Apparently the reason behind this upward correction might be caused by the upward correction in oil too. We recommend shorting stocks instead of buying dips for now.
I am Slightly Bullish. We are set for the rebound at least, but it may be short lived as the broad base is still bearish. We have FOMC meeting and rate decision on Middle of Week.. It will sure the impact on the Dow Jones movemment. I will rather look for Long but be close my position if there are sign of bears coming up. Level to watch: Support 15880, 15200...
Long Term Trendlines Appear to be indicative of Trend Change in DJI aka US30
- Heavy volatility - Shorts seem to have won short term - Bulls need some (very) good news to keep on and this may happen when Mr. Draghi and the ECB makes the official QE announcement this month? - The reaction from the markets could from my point of view actually be the opposite - that the market tumbles down despite the above mentioned QE - Earnings season in...
Trading near the channel and the neckline resistance, Short term trend is down and any recovery may face sell offs again. Yes there is short covering or fresh buying seen from lower levels but I feel with smaller stops this trade is worth taking a chance. Regards, SP CapitalTA
For those of who who follow closely my analysis, te shape of DOWI should not be a suprise. I was suprised by 172XX as an all time high because I was expecting 16706 to be the all time high. Anyway, DOWI is in a consolidation phase towards 14400-14800 which is normal. Bare in mind that the market was fuelled by FED's QE and cheap money, i.e artificially. No FED...
Wolfe Wave - the Elliott Wave for lazy people. Sometimes an extremely effective tool. Around 16400 - we have strong support zone. If the defense will be successful - we go back to the north. Distribution in progress. www.investopedia.com
With the end of FED's QE3, market are gaining more and more volatility. This does not mean that market will crash, but there will be more heavy movement, and the swing frequency will be bigger. FED's QE was inhibiting the market, that is why at the highest level of QE3, VIX was as low as 10... There is also more uncertainties in the market, baring in mind the...
The next three days are very important for DOWI. In deed we are on the eve of the TENKAN-KIJUN twist far outside the Kumo cloud, which may very much mean that if the reversal is confirmed, this will be preety strong. On the Kumo Cloud side of the story, although the next 23 periods appears to be on the upside of the story, if the Candle are crossing the cloud, it...
At the the present time, we do have cheap money on the market but no more QE. Therefore market will have to fuel itself by its own. To do that, there must be a correction before ECB Launches its European QE which is not similar to FED's QE and no one know if US market will benefit from that. Therefore a correction is normal before market has the ability to fuel...
Well, we can hardly make such a genuine double top. It is rare to see such a precision. Of course, we do not know yet if it is a genuine douple top or not. A lot of signals show that it may be very much, but we need to see the next candle. On the other hand, macro economic news are not of a kind to fluel the market. If THIS CHART is a confirmed DOUBLE TOP, the...
VIX is turning its trend to a long position. The upside of VIX is not a technical correction but rather an initial sign of a trend on the upside. Generaly when DOWI is UP VIX is down and when VIX is up DOWI is down. whereas when both of them are on the upside, it is a clear sign of a reversal. Therefore one can estimate that DOWI will go on the upside first...
The Stock Exchanges are rather overperforming. The economic datas are not that good, but the market is expecting ECB President Draghi to release fresh money in the market. But there may be a reason to release the money in the market and thus this would only be possible when the market go to a severe correction otherwise, tax payer would not understand the reason...
On a chartist analysis we can clearly see that there is a double top formation. The next days i.e Monday 26th will be a day that will clearly confirm the double top formation or not. Based on indicator, DOWI is already very high and a down side correction is again imminent. If there is a double top formation which I do consider for sometime now, therefore, the...
The ichimoku chart shows that DOWI will go a little bit on the upside, but indicators show that there isn't a lot of room left on the upside. Tenkan Kijun twist may occur inside the cloud wich would announce a soft upside. Having an eye on the Kumo cloud and particularly on the next days show that there is a twist and confirme a reversal, at least a correction...
CIX is always a nice counter mesure tool to confirm the direction of the indexes. The market was too overconfident and VIX was at its lowest level. But there are initial signs on a technical level that show clearly the reversal trend i.e VIX may move up, and indexes may move down. STOCH and MACD give the hint. We need to see a confirmation if it is just a...