During the Bull Market in Intermediate 3, Nasdaq was my favorite because of its Wave Count, hence the reason for the successful view on the NASDAQ100 – Bullish Minor 5 - Bulls Come-Back article.
US Indices synchronized their individual Bearish legs once they reached the tops back on the 2nd of Jan.
Same day, right before the sell-off began, I posted the CBOE...
78.6 Fib retracement hit on ES from all-time-high to 2/9 low. NASDAQ showing major bearish divergence on RSI, as well. Selling on high volume...Looking for further downside ultimately to 'C'.
Follow the comments on the chart! If the price goes up to the size of the stop loss point, put the stop loss on the entry point, Stop loss means that the closing price must be below the Stop line, the shadows are not acceptable. NYSE:UTX SP:SPX DJ:DJI
At the time of this writing the DOW is down about 60BPS today. As visible in this illustration, we have a bullish pennant forming. Given the length of flagpole we could be looking at another 15-25% rally in the Dow.
The price has climbed to the top of the symmetrical triangle/descending channel. I think it will turn back at 25400. Low volume on a steep rise just isn't sustainable. What do you all think?
As investors grow weary, and the fear lingers, as evidence from the remaining high volatility, I think we're going to see another panic drop to $23,500 again. Additionally, many are moving to bonds, which could be a factor in the impending drop. Another factor could be Trump's proposed tariffs.
Lemme know your ideas below,
-Kristian
So I have been tracking this pretty extensively, just haven't posted my findings (which up to this point have been spot on) until now... Why? Because this is such a far fetched scenario, I feel in the rare event this does happen - if I don't have some kind of proof that I caught it before-hand no one will believe me lol... Now, this is part 2 which is the 30...
So I have been tracking this pretty extensively, just haven't posted my findings (which up to this point have been spot on) until now... Why? Because this is such a far fetched scenario, I feel in the rare event this does happen - if I don't have some kind of proof that I caught it before-hand no one will believe me lol... Now, this is part 1 which is the weekly...
The Dow is currently moving dangerously close to the 30 week moving average. If we close the week below the moving average, we can expect a large correction to follow.
Check the history in the chart, every time we have dropped below the 30 week moving average, it was followed by a larger correction.
It's been a long run for the stock market. That last 12.4% dip correction was nothing compared to the growth correction that is actually due for the market.
With the economy being strong right now, if the market takes another correction, it will be a battle between the bulls and bears. However, could bad debt and the inevitable show their ugly heads once more? ...
large correction is coming but not before a large move up again
That area is divving giving 'fake strength' to price action, so we'll see a move up break highs in price but not RSI, most likely, and creating a short entry.
DJIA
DJIA has been continusly crashing , are in a bearish trend? AS of now the drop seems vertical . Typically the second correction after ATH dows not break the recent low to attempt another high. However , the vertical drop makes me skeptical.
On the D chart - I feel the long term TrendLine ( Blue) will be tested pretty soon. We may see some bounce in the...
Short-term consolidation seems to be over. The Dow-Jones Industrials Average (DJI) is breaking out of the symmetrical triangle to form an ascending triangle. The DJI should continue to rise in the days and weeks to come. Long DJI!
