🖼 Daily Technical Picture 📈 ➤ It turns the Bulls were not very exhausted after yesterday's recovery. Equities burst higher but not before filling the opening gap. This is a good sign that move higher is supported. ➤ For the Bears out there, it is the last chance to hold out. Price is approaching a very significant technical level. Please refer to my...
Dow Jones (DJI) held the dashed Higher Lows trend-line and rebounded, as we outlined on our last week analysis: That was on the 4H time-frame, now we zoom out to 1D where the index broke again above the 1D MA50 (blue trend-line) but after last weeks 34,390 rejection, it remains within the High Volatility region. As long as the 1D candles close above the...
🖼 Daily Technical Picture 📈 ➤ Equities recovered after a very weak start to end the session flat. It was a case of the Boy Who Cried Wolf. ➤ This counts as the second time in recent days that equities has refused to fall when it ought have. The first cry was on 18th January. Despite the fall that day, equities recovered quickly unable to gain downside momentum....
🖼 Daily Technical Picture 📈 ➤ Equities ended slightly weaker and traded in a narrow range (for once). There are a lot of games being played at the widely watched 200-day moving average that the S&P500 now sits. ➤ There's an overall contraction in the price swings in recent months due to the sideways moving market (since at least November 2022, stretching to May...
Pls see profile for more info We limit data as it's copy paste We're cautiously bull $DJI, bit more on $NDX But there's reasons: #ECONOMY = TRASH Tons of good lost jobs Unemployment low but most BAD jobs & multiple jobs #DJI RSI negative divergence (slight weakening) #NDX RSI looks good & many green candles $DIA $QQQ #QQQ #Stocks
🖼 Daily Technical Picture 📈 ➤ Another bullish day. Price has reversed the recent weakness and set a new short-term high. Yet, I'm not buying into it right now. Why? Well it's not because of my fundamentally (misplaced?) bearish view. I don't trade on those views. I trade by reading the short-term technicals. I'm completely agnostic when it comes to being long or...
Good Morning! 👀 $NDX, made it clear it would not break 1st try However, this is NOT the 1st! $DJI maintains its PUMP, need HIGHER HIGH #stocks are pumping, risk $VIX stable over last week $DIA $QQQ #NDX #DJIA
🙅♂️ Forget all the endless talk and debate about recession, interest rates and war. IMO, there is only one thing that equity Investors need to know. This is the MONTHLY chart of the S&P500 equity index. The chart tells a very clear and simple story. For the market to re-establish the long-term Bullish narrative all it needs to do is CLOSE ABOVE the HIGH of the...
🖼 Daily Technical Picture 📈 ➤ Yes, that's exactly what happened with my long position. A large move higher in equities the day after I got out (for a loss). That basically sums up why Trading can sometimes be so frustrating. These days I just take a deep breath and move on. My younger-self would have tore my hair out! ➤ So what does this bullish move mean? Very...
Dow Jones 30 Index The multi-week sideways price action seems to be the consolidation of the October - December advance, bullish conditions appear to remain intact provided the 32,950 support area proves true. Not investment advice. Past performance is not indicative of future results.
A period of low spread and low volume can indicate a lack of liquidity in the market. This can be caused by a variety of factors, such as a lack of investor interest in the security or derivative, or a lack of market participants willing to trade at the current bid and ask prices. In this case, a market maker may choose to adjust its strategy to manage the risk...
Dow Jones and S&P 500 fell nearly 2% in Wednesday's overnight market, which was the biggest daily drop for both indices in a month. The decline came after weak economic data was released overnight, reigniting fears of a recession. In addition, hawkish comments from Federal Reserve officials also further worsened the fundamental mood of investors. Before the wall...
🖼 Daily Technical Picture 📈 ➤ Equities prices continued to fall. Two price gaps were closed. A lower gap that formed on the 10th Jan and the opening gap from Thursday trade. S&P500 has fallen below the support level at 390. ➤ I think it is clear that price has just formed a lower high. I could argue the short-term downtrend from the Dec 2022 high has been...
These are copy paste, pls see our profile IF RIGHT Shoulder, $DJI Inverse Head & Shoulder pattern, holds = STRENGTH 1/2 #DJI RSI WEAKENING, Negative Divergence Last 2 days good SELL volume Some interesting Moving Avg Crossover data on next post 2/2 $DJI Bullish Moving Avg Crossovers TEND to last There's been few times it didn't: Late 99-Early 02 Mid 78-Early...
Today you can review the technical analysis idea on a 1M linear scale chart for the Dow Jones Industrial Average Index (DJI). In the chart, I added in the RSI as well as review the Great Recession history to get an idea of where the DJI is headed. It seems that the DJI has been moving up an ARC with a possibility to come down and touch it again. It is currently...
Taking out 3806.91 minor high puts 13th Oct low (3491.58) in a critical position. As explained in my previous publications, there was a chance for best case scenario and market bounce at 0.5 Retracement of rally after pandemic low and Bulls, Bottom fisher and Dip Buyers took the chance however, is this best case scenario going to happen? Bulls should pray for...
🖼 Daily Technical Picture 📈 ➤ Equities fell sharpely on Wednesday trade. It was the largest down move of the new year. The market is reminding us that it's not a one way ticket to the moon. VIX is back above 20. I think we can forgive it for having a peek below the pink zone although I did think it would go lower prior to any rebound. ➤ S&P500 was battling the...
🖼 Daily Technical Picture 📈 ➤ OK, I'm being over-dramatic with the title of today's note. It actually was a pretty dull day of trading. NASDAQ continues to outperform the Blue Chip indices showing that overall risk-on behaviour is still prevalent. ➤ VIX did bounce higher back into the pink zone. Is this the start of something bearish? It's ambigious. The price...