I wager #TECH is still the place to earn better gains going forward.
It also doesn't carry the risk of #Financials
and it is not dragged down by slow growth "stable" companies like utilities.
Bleeding edge has always been the place to grow your money
and with #AI manifesting itself for the next wave of user growth along with #CRYPTO
you need exsposure to...
We are in a BULL MARKET so the risks are to the UPSIDE,
one of an explosive rally as fund managers who have badly gotten the market wrong
panic buy propelling the Stock market driven by #FOMO rather than reasoned analysis to far higher than people can imagine.
New bull market highs should arrive during summer 2023!
All whilst indecision reigns supreme on...
Has Elliott Wave Lost Its Forecasting Accuracy?
I cannot recall the exact setting, but many years ago I was asked this specific question…
” …as the number of practitioners of Elliott Wave Theory grows due to its popularity, won’t more people be trading these wave patterns and in doing so, somehow skew the theory’s efficacy”?
It’s a great question.
One...
Reverse Cup and Handle has formed on Dow Jones...
This was also coinciding with the broken downtrend that took place early this month...
We are looking super bullish with great upside to come.
All Time Highs seem to be on the cards, and this could help other markets to flourish...
7>21>200
RSI>50
Target 37,242
Dow Jones is unfolding the second rally sequence of the 1 year Channel Up and has reached today the 0.786 Fibonacci level of July's High. The 1D technical outlook is about to turn overbought (RSI = 68.650, MACD = 236.580, ADX = 32.415) and as the rally approaches the R1 level (35,100) as well as being almost on the +9.05% range from the bottom, we are looking...
Dow Jones / US30 spent all week above the 1day MA50, in fact Friday's rebound took place exactly on it (Support A at 33850).
This is potentially an Inverse Head and Shoulders pattern and with the 1day RSI at 60.00 and over its MA, it draws comparisons with the June 15th pattern, which peaked at +6.08%.
That pattern has same measurements as the current Inverse...
Dow Jones (DJI) is having an excellent rebound ever since our October 31 buy signal (see chart below), which we issued after the index bottomed on the Higher Lows trend-line of the 12-month Channel Up:
The price broke today even above the 3-month Bearish Megaphone, which was the pattern that executed the Channel Up correction. Today's rebound is being done...
As we continue to subdivide within this larger cycle wave a down targeting the low 3,000 area, we appear to find ourselves in a countertrend b-wave retracement. This area has the potential to carve out potential complex patterns as b-waves and wave 4's are the areas where traders are frustrated from a sentiment standpoint.
I do not think we should be prepared...
We've all heard that the small capitalized publicly traded companies lead the larger cap companies, more so featured in the broader indices. A quick look back shows the Small Caps Topped in November 2021, whereas the Nasdaq and SP500 did not top till January 2022. Subsequently, the IWM bottomed in June of 2022, and it took the NDX and SPX till October of 2022 to...
Monthly chart analysis
Dow jones to fall to $20,000
Reason : geo politics
Us/china war over taiwan will disrupt supply chain worse than covid
World wide inflation.
Dow Jones is on course to form a Golden Cross on the (4h) time frame within 2 days.
Despite being bullish medium term, this pattern has caused a minor short term pull back all the prior 3 times it emerged in 2023.
Trading Plan:
1. Sell on the current market price.
Targets:
1. 33750 (-1.20% decline, same with all previous cases).
Tips:
1. The RSI (4h) got...
Dow Jones Industrial sector is the strongest this week and we can see sharp and impulsive intraday stabilization that can cause a bigger recovery in upcoming weeks, but ideally only within a higher degree A-B-C corrective rally in wave B after we spotted a larger leading diagonal from the highs into wave A. So, we will still have to be aware of another sell-off on...
Dow Jones (DJI) hit the bottom of the long-term Channel Up pattern by completing leg (e). This is a similar structure to the (a) - (e) sequence that bottomed on March 15. Technically this is the best buy opportunity on the index in the last 7 months. On top of that, the 1D RSI is on Higher Lows during the prices (d) - (e) wave, showcasing a huge Bullish...
Dow Jones is approaching Support (1) and the Rising Support of the 2023 Channel Up.
The Support (1) level has been holding for 5 months.
Based on the Falling Resistance that initated the current correction and the rejection on the MA50 (1d), the price action is identical to November 2022 - March 2023 so far.
Trading Plan:
1. Buy on the current market...
Only Twice in 150 Years of US Equities
has the Shiller PE ratio gone higher than the 1929 TOP
2000 & 2022
The Shiller PE is useful as it smooths out the PE ratio over a 10 year average ...
very useful for forecasting.
The financial markets have been perverted & all know this.
The #FED can only print and save your Assets
after a financial crisis appears on...
Dow Jones is volatile on the 4H timeframe (RSI = 37.485, MACD = -170.620, ADX = 29.943) after almost testing the S1 level (32,813) yesterday but following a 4H MACD Bullish Cross formation, it is a low risk buy opportunity. The rejection of the previous rise took place on the 4H MA200, so that is our target again. Buy and TP = 33,700.
## If you like our free...
