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 .
Hanging man yet to be confirmed. Looking for a short-term pullback to 32750-32250.
Since the days of town squares, and town markets...there has always been this intellectual battle between the market sellers and the buyers. One party sets up shop with the intent of making a profit through selling something of true or perceived value to another party who may (or may not) have a perceived value or use for the seller's wares. It is...
Daily Maybe call this the HOVERCRAFT Pattern $DJI @ Red EMA support, bouncing 4Hr Bullflag pattern ok, within range Hr BEARFLAG trade done ALERT RSI beginning showing neg divergence (Couldn't post the flags as reached limit day before) #stocks #DJI #DJIA
Most of our major calls have been $ $DJI short term uptrend since 10/31 #DJI low gap pretty much filled RED CIRCLES are important, where from here? Both are dojis LONG TERM still in up trend SWINGS are getting bigger!!! Maybe now sideways till Jan
Best if you see it yourself, 1-5 minute data $DJI giving back most of gains, volume very light How heavy was yesterdays volume? Daily looks HUGE but let's dissect When pump was LIGHT, looked HEAVY BUT majority came in @ 4PM! See longer term time frame, next post
Following a weak ISM manufacturing PMI report, recession concerns have seen US stock markets drop after yesterday's Powell-inspired rally. It is worth keeping an eye on the major indices such as the Dow Jones. The DJIA has gone back below the August peak at 34288. A close well below this level would be a bearish outcome as it would point to a false breakout....
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...
New analysts claim that the S&P 500 provides a better picture of the markets compared to the Dow. Although the S&P 500 obviously has a larger catalog, the Dow is a direct reflection of international capital flows. Look toward the Dow to see where big money is moving. The S&P 500 is domestic-oriented, and fund managers and institutions tend to focus on this index....
Okie-Dokie FOR END OF DAY 4HR: 👀on RSI breaking 50 #DJIA trading above or sub GREEN Mov Avg Daily: $DJI trading above or sub light blue line A selloff to GAP will suffice Setting up for another bump Likely trade sideways rest of year #stocks $DIA $NDX $QQQ $SPX $SPY $VIX
It has been almost 6 weeks since Dow Jones (DJI) broke above the top (Lower Highs trend-line) of the Bearish Megaphone pattern that it has been trading in since the start of the year and the beginning of the 2022 correction. At the same time it broke above the 1D MA300 (yellow trend-line), which as we've mentioned numerous times was the barrier for a long-term...
🖼 Daily Technical Picture 📈 ➤ Equity prices were all over the place on Tuesday trade. Nasdaq, S&P500 down yet European Indices and Russell 2000 were up. ➤ This is the sort of action you should expect during a consolidation phase. I'm not sure if this will end with prices moving higher or a break of trend and moving lower. We should know shortly, this...
🖼 Daily Technical Picture 📈 ➤ Well I did say a reversal in equity prices was imminent...and here we are 1 day later. VIX jumped higher. I have flipped my positions by 180°. ➤ We need to be cautious here. False short signals happen often in a strong up-trending market. Strong momentum can easily flip us back into a Bullish mode. We could also be just moving into...