Detail @ The Chart
The similarities on the chart alone are eerie so far...
Can't Print Your Way out of a Service Economy Recession. - joblessness through the roof - lockdowns for a minimum 30 more days - still no vaccine - virus re-booting observations - Oil war ongoing - corporate downgrades
The Dow Jones Industrial Average opened at $23,690 and closed at $23,719 today for a $285(+1.22%) gain. Price created a doji candle at the 50% Fibonacci retracement level which represents trader indecision at a critical Fib level. A doji candle is where price closes at, or near, the level it opened at with very small upper and lower wicks and resembles a "+"...
Wishing you a blessed Good Friday, and a Happy Easter... As goes the market, so goes our hope. Time to hope in something better!
Possible start of a bull market or just a reprieve for the bulls? Will the Bears strike a knockout punch? Or do the Bulls have Aaron Rodgers for the hail Mary? The war is nail biting and only the victors write history. Technical Analysis: I think the market is in a very important place facing 3 major resistance after its latest run up. From a technical...
Let's see 22400 crossing or not...
Whether old charts, new charts, big drops or smaller ones - charts with sharp drops in price share very similar characteristics. I decided to use two very different examples; one from a different period in time, though similar to our current move in size (Crash of 1929), and one from our current time period and though much smaller in size it still meets the sharp...
What an interesting day. Q1 is closed (worse Q1 in american history by the way), and companies with more than 100M in AUM filed their 13F. This is what Warren Buffet has been up to: Sneaky little grandpa. There may or there may not be a world war. See what happens when cheap low quality goods China tries to do research in high tech / advanced immunology? Leave...
Dow Jones (US30) holds above surges above 22000 today which is an important level in the short term. The 4-hour chart is showing us that it is in a descending channel. What do we have here? ✔️ Descending Channel ✔️ DJIA- Pushing Minor Resistance Level Thank you, Connor, Please feel free to follow me to get more analysis. On Tradingview I share 1hr, 4hr, 1D, 1W...
The Dow Jones monthly chart shows price testing support at the 38.2% Fibonacci retracement level in the total Fibonacci range from the 2009 Global Financial Crisis low to the February 2020 all-time high. Price had previously breached the 38.2% Fib level during the initial coronavirus selloff while also breaking below the broadening wedge pattern and finding...
The Dow Jones Industrial Average(DJIA) opened at $21,285 on Friday and closed at $21,052 for a loss of -$360(-1.7%). Price closed just above the 23.6% Fibonacci level which has acted as support for the past three trading sessions while being rangebound between the 23.6% and 38.2% Fib levels for the past eight trading sessions. Traders have been unable to push...