FED started rate hikes this year and so far has increased interest rate up to 2.25 %. When there was just some news about starting rate hikes market showed a sever bearish sentiment and huge decline started. Now and after 2.25 rate hike market sees 8.5 % inflation as a positive sign !!. 8.5 % is much much higher than 2 % target of FED and implies for continuation...
Exactly 2 weeks ago on our last Dow Jones (DJI) analysis we stated that the price had entered a possible rejection zone (red) and unless it closed a weekly (1W) candle above the 1D MA200, we would get a pull-back: Well as it turned out the index closed last week below both the 1D MA200 (red trend-line) and the 1W MA50 (blue trend-line), which are very close...
Investors are still anticipating Fed Chair Jerome Powell's latest comments on inflation conditions and potential interest rate hikes during the US central bank's annual economic symposium to be held in Jackson Hole, Wyoming next Friday (26/8). Fed Chair Powell is likely to sound much more hawkish during his speech in Jackson Hole on Friday (26/8) at 10am than he...
The Dow Jones index (DJI) broke above its 1D MA200 (orange trend-line) early this week but got rejected on the 0.618 Fibonacci retracement level (from its January 05 All Time High (ATH)). Failing to hold the 1D MA200 as a Support, can result into a short-term pull-back to test the lower Fibonacci levels (0.5 and 0.382) as well as the 1D MA100 (green trend-line)...
The Dow is at a technical resistance level with a strong support level beneath the most recent run. When technical lines are very precise, it means most of the trading is technical, from short-term professional traders or longer-term fundamentalists with technical backgrounds. When the smart money is trading, it tends to make the trend more sustainable. At...
The major indexes all trade together, but have different types of patterns. NASDAQ has been crazy bullish, and will be crazy dumpish, because retail likes to lose money buying call options on tech stocks because some 20-year-old wearing a baseball hat on TikTok told them to, and because tech stocks are cool. More seasoned professionals like to lose money buying...
During the crash from Mai 2021 - Bitcoin reached a slightly higher ATH - Some altcoins surged drastically until the end of the year (Shiba, Solana, Kadena, etc.) - Most of the coins set only a retrace of their old ATHs (from 2021) - Some went down without any real retrace Klever ist an exchange token. Originally the clever App was TronWallet. As we've seen in...
The Dow Jones Index (DJI) has finally entered the Rejection Zone that we wrote about last week, consisting of the 1D MA200 (orange trend-line) and the 0.618 Fibonacci retracement level: With the RSI on the 1W time-frame at its highest level since January 17 2022 but more importantly the 1W MACD on the first Bullish Cross since this 8 month Bear Phase started,...
The Dow Jones Industrial Average (DJI) fulfilled our buy signal given in late June after the price made a Lower Low on its long-term Channel Down: Right now the scene has slightly changed as the 1D RSI broke above its 8 month Resistance Zone and even though the price is now exactly on the Lower Highs (top) trend-line of the Channel Down, this may be the first...
The Dow Jones Industrial Average Index (DJI) made the first bullish step as we outlined last week by breaking above its 1D MA50 (yellow trend-line) and is currently just below the 1D MA100 (red trend-line) and 1W MA100 (green trend-line). In the process it has made the exact same build up as the COVID bottom and subsequent recovery but let's see into this in more...
NASDAQ 100 E-mini Futures is showing a beautiful channel play ! There is a high slope minor up going parallel channel in low slope major up going channel. Index is reaching to upper top of both channels and reaction will be exciting. Break out from down side of minor channel will probably triggers for downward move to base of major parallel channel. In this...
Nasdaq 100 index is going to fight with strong resistance again. Who wins the battle? Lets follow ! This strong resistance is formed by 0.618 Retracement of latest drop in the index from 12897.63 to 11311.05 and a static support/resistance line with several hits which makes it very powerful and valid one. Our static line acted as strong resistance from Sep...
Dow jones full analysis... Based on technical and fundamentals analysis using different approaches
Not accounting for any fundamentals, the OANDA:SPX500USD and the OANDA:US30USD had a strong rejection from heading lower in 3 consecutive weeks. Fundamentals will be required to decide whether the market is moving back to a long term BUY. We hit a low of ~-20% from the highs on the DJIA and ~ -25% from the highs on the S&P500. On multiple time frames, prices...
Could it be that market cycles are shorter now, versus back then in 2008? Also, we probably have more participants in the market now compared to prior years. More investors, traders as it has become more accessible. More people learnt from 2008 crash to buy the dips on indexes like the S&P as there is a very high probability of it only going higher. But, here's...
The Dow Jones Industrial Average rose 0.77% this week, which put prices up against Falling Wedge resistance. If bulls can break resistance, it may trigger a breakout. If so, a rally to the 38.2% or 61.8% Fibonacci retracement levels could be on the cards. The MACD and RSI oscillators are showing positive movement toward their respective mid-points. A bearish bias...
Dow Jones (DJI) reversed last week's pull-back and is on a nearly perfect repeat of the last rebound to the top of the long-term Channel Down in an attempt to price a new Lower High. As most recently mentioned 3 weeks ago on our idea below, the Channel had already formed its short-term bottom: At the moment, based also on the 1D RSI fractals, it appears that...
On the H4, with price expected to reverse off the ichimoku cloud , we have a bearish bias that price will drop to our 1st support at 30422 where the horizontal swing low support and 61.8% Fibonacci retracement are from our 1st resistance at 31216 in line with the horizontal swing high resistance and 50% Fibonacci retracement . Alternatively, price may break 1st...