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...
Long Term Dow Jones Industrial Average target is below 10,000 This is not a forecast I want to make, but this is what my longer term analysis shows. I hope the forecast does not come true but this is what my analysis shows, which is based on multiple time frame analysis of volatility and momentum. Best strategy according to this analysis is to look for sell...
The Dow Jones Industrial Average is on its 8th day trading between the 23.6% and 38.2% Fibonacci levels while currently holding support at the 23.6% Fib level. As long as price is trading below the 38.2% Fib level the trend will remain bearish. Price is rangebound between these lower Fib levels while trending below the red downtrend resistance line which is also...
US30 (Dow) - How many times can you retest 21500 before the drop? You can catch a good entry with tight stop loss near 21500. This move is going to change lives. Don't be fooled by the bull runs. There is no real value in the markets! The big boys have sooo much to lose they are not going down without a fight. They are only buying the market to try to...
Still no major change in the market outlook with the Dow Jones Industrial Average(DJIA) being rangebound between the 38.2% and 23.6% Fibonacci levels for the past 6 days, and looks to test lower support at the 23.6% Fib today. The expected move here is still a push below the 23.6% as the coronavirus continues to weigh heavily on the economy, especially with the...
Doing a lot of research lately on the crash of 1929, and how that played out. In the first leg down (similar to where I think we are today), the market fell 40-50% in 3 months, similar to now. Then we had a snapback bear market rally, regaining 50% back of what was lost, which keep in mind means you only got back 20-25%. This took 5-6 months to play out, and I...
Vix will go Low and Real low. Wait for bottom then invest.
When the VIX is in this tradeing range and you invest in the Stock market long term your wealth should increase. Look at 2012-2020 and end of 2008. But make sure u put in stops if vix goes to 8