this area. I don't play stocks but still keep an eye on it.
It increasingly seems that the global indices are gaining momentum and that we are entering another bull market. The Dow Jones, too, is looking healthier by the day. We expect the index-giant to rise between 35314 – 35513 points. There, a correction should add to the momentum for even stronger increases. Good days ahead!
Dow Jones CYCLE? EXPECT VOLATILITY AROUND JUNE 11 - 18? Is the Dow Jones about to end a cycle and start a new cycle? Will price pull back significantly after the push towards $36,000? Or, will it explode to the upside? We will see? Manage your risk? Not financial advice.
Sometimes one needs to take a step back to see the bigger picture on what is going, to learn from the past and start making plans of actions on what to do next ✌ 1929 Crash (Wikipedia article) en.wikipedia.org 1987 Black Monday Crash (Wikipedia article) en.wikipedia.org(1987) 1999-2000 Dot-Com Bubble (Wikipedia article) en.wikipedia.org 2007-2008 Subprime...
Dow Jones Industrial Average - Final push to $36,000? Will it happen during the First week in June? After price hits around $36,000, we may get a major pullback. We will have to monitor the market closely and expect volatility at that point. Expect some sort of shake up around early to mid June. We will see. For now the market is still bullish.
However; it hit the longterm trend support. Showing a nice reversal candle so far today. If holds the 50day MA stay long.
Pattern: Channel Up on 1D. Signal: Buy as the price hit the 1D MA50 (blue trend-line) and the zone within the 1D MA50 and the 4H MA400 (yellow trend-line) has been a buy opportunity within the Channel Up. Also the previous -5% pull-backs have been buy opportunities, both of which made a bottom within that zone. In addition, the RSI bounced on its Support...
There is not much to write here if My count of the Elliot waves is correct I would say that 35k up to 38k will bring solid correction. I would expect harmonic pattern of 3 correcting waves if this analyse is correct. Expecting also USD to grow stronger and BTC to go lower than current price. I have not much experience with DJIA index but after what I saw the...
Yes, we are in the middle of a global correction and the Dow Jones will still lose strength going forward. However, we expect the industrial index giant to fall between 33286 – 32756 points at max, before planting the seed for more sustained growth afterward. In total, we should see the Dow rise to somewhere around 36981 points, given that it stays above 31951...
US MARKET EXPECTED TO BOUNCE BACK FROM CURRENT LEVELS....
5th wave has still some room to go up as usually it's as long as 1st wave. Fib Extn for this wave from bottom of 1st wave to top of 3rd and extending it to 4th (bottom): -------------------------- - We are now at 0.236 Fib Extension $34,550, 0.382 is around ~$35,090, 0.5 is at ~$35,500, 0.618 around $35,958 Good Luck!
On the longer term weekly chart, the Dow Jones Industrial Average is still bullish into wave (5) targeting the 36865 wave (5) upside.
Yesterday was a warning in my opinion. Today is positioning ahead of further selling pressures. DIA is topping out of the ascending triangle; position accordingly. (Opinion only)
The Dow Jones has been relatively quiet for the past couple of weeks. Our primary expectation is that the course is going to decline and dip into the target zone with the coordinates of 32850 – 32430 points. From there, we expect the course to increase again and reach new all-time highs. As long as we are above 33646 points, however, there is a 45% chance that the...
Here is the analysis behind my latest stock purchase $CINF (Cincinnati Financial Corp) PE Ratio (Trailing) = 5.42 ROE = +29.9% ROA = +11.4% ROIC = +10.9% Solid data there and then the cash situation looks very strong. cash flow is growing but capital expenditures are not meaning the free cash flow is growing in recent years with the most recent 12 months...
... Sure looks like it. - Especially since a ~70% decline here would be nothing more than just a garden variety return to the historic mean.