Use strict stop. Wait for price to reach Entry as indicated. First TP @ 44383.38.
This last week, markets initially rallied on the release of the "cooler" than expected November CPI (Consumer Price Index) — only to be smacked back to reality on the comments via Federal Reserve Chairman J. Powell during the December Interest Rate Decision (FOMC) meeting this last Wednesday as "higher for longer" is the communicated pathway forward for the FED...
Do you see it? $DJI Is it easier to see on weekly? The "Hovercraft" patter COULD be a precursor to an Inverted Head & Shoulder! See it now? IT'S WAAAY early & it doesn't mean it'll happen $ETH had one recently & went kaput Can $DJI #BEAR be ending? Time will tell IMO chances are NOT for BUT As stated MANY TIMES #markets are NOT logical What about $NDX $SPX &...
Had no plan for trades 2day barring huge opportunity, which not seeing BUT like $META action in "bear" market Did say keep this in mind BUT THIS IS NOT THREAD FOR @facebook It's for $DJI and its cronies #DJIA $DIA $UDOW $SDOW WE HAVE HUGE MOVE in place with more to follow Being this is WEEKLY the paint = more important 31.7k is 50% retracement but IMO we're...
Yes the Dow Jones Industrial Average Index (DJI) formed a Golden Cross on the 1D time-frame (1D MA50 (blue trend-line) crossing above the 1D MA200 (orange trend-line)) for the first time since August 05 2020 (!) with the price approaching today the 1D MA50, the closest it has been since October 24. Can this provide Support and save the day for Dow preventing it...
$DJI distribution continues Party over for $NDX Technically, NO PUN INTENDED, never really had one $QQQ also shows distribution
🖼 Daily Technical Picture 📈 ➤ I expected a move higher for equities given my long exposure. The exposure was relatively small reflecting an overall low level of conviction. The surprise to me was the extent of the negative move. This overshadowed my low exposure adding to the recent run of bad trading results. ➤ Technically, the uptrend since the October bottom...
Copy paste For some reason I though I posted distribution on $DJI on 12/13 but had done it for $SPX #DJI also has it & today will make 3 days A LOT OF DAMAGE done last 2 days
🖼 Daily Technical Picture 📈 ➤ If we took a two day view of events, the S&P500 managed to make little headway up or down. Pre-data release, I eluded to people getting a bit over excited by bidding up the VIX. Of course, there was the excitement of the CPI data intra-day. That has all fizzled out for now. ➤ Now that all the excitement is over for another month, I...
The Dow Jones Industrial Average (DJI) has entered into a new short-term pattern on the 4H time-frame, a Bullish Megaphone. The 4H MA100 (green trend-line) is the pivot right in the middle of it and the short-term Support is the 1D MA300 (yellow trend-line), once a long-term Resistance which rejected the previous High on August 16. Almost two months ago with our...
Fina trade this channel. Respect Risk. Keep it simple. The chop tomorrow is the only thing to be mindful off.
🖼 Daily Technical Picture ➤ Inflation data came in softer than expected and equities prices jumped with enthusiasm. By end of trade, much of the gains were given up. ➤ The result of the inflation data resulted in a huge price gap between the previous day's close and market open. Gaps like these tend to get closed over time or like today...immediately. Note that...
Here we are mapping the next impulse down. We did some calculations but we will let the chart drawings do the talking. Thanks for watching. Namaste.
🖼 Daily Technical Picture 📈 ➤ The S&P500 equity index is holding above the key support level at 390/3900. A confident break below will result in a Change of Character (CHoCH) in the uptrend since the Oct low. ➤ A CHoCH results in a significant pause in the uptrend or a reversal of the trend. ➤ By holding above the support level, there would not be a CHoCH....
Given that we are headed into the release of the November Consumer Price Index this upcoming (Tuesday, December 13th) and also the December Federal Reserve Interest Rate Decision (Wednesday, December 14th) , are markets set up for another short opportunity into the end of January (Q1)? DIA DJIA Daily Chart Template www.tradingview.com Which camp are you in...
🖼 Daily Technical Picture 📈 ➤ I'm back from my holiday and fully recharged. Since my last technical update, the equity market has made some interesting moves that we need to examine. ➤ Foremost in my mind is of a potential medium term top that has been reached.🔝 I'm using S&P500/SPY as the market proxy. If we look at the market since March 2022, there has been...
The Dow Jones index (DJI) has been on an enormous rise since late September that even made a Higher High above the 2022 descending Resistance. With inflation being the main catalyst of this 2022 correction, it should come as no surprise that when it normalizes, the index can start seeing growth again. Well on July the Inflation Rate (USIRYY) got rejected on its...
Th US index has been in Flat correction A-B-C as shwn in the chart and the wave C is moving as impulse pattern right now the wave 4 has been completed and wave 5 target is 4194 .