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...
A few scenarios. Tomorrow morning should tell us a lot on where the stock market is headed.
DOWN TREND DJI COLLAPSE AND CRASH TO 19000 WTH THE END OF MARCH
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!
After breaking the symmetrical triangle last Friday, the DJIA's run to 26500 looks likely. I expect a very good next two week; starting with a price target this week of 26000, and 26500 next week. It is fair to say that the Dow could face a lot of pressure from its January high. Therefore I believe that the price will be dancing between 265-266 for a week before...
Part I: The predicted trading range for tomorrow, Monday, February 26, will be between 25402 and 25000. Market futures say 25411 at this time, but given the lack of news over the weekend it is likely they will return to more realistic levels. Obviously a 400 point swing is highly unlikey, but given the volatlily that the Dow has experience as of late, this type...
This is a commonly used calculation that many traders use, I believe it's also part of the CMT.
I had a strange dream last night where I saw all of these weird channels on the long-term Dow chart so I thought I would try to recreate what I saw. Most likely is meaningless garbage but I thought I would do it anyway. Another thing this could be telling me is to stay away from spicy food before going to bed!
Chart for a good ol' doctor I know out of NYC. Charted against KODK and DJIA. 1. We can see a failed attempt to break Fib resistance. From there we have a solid trend of consolidation followed by a nice shift up in moving average. 2. Looks to be a second attempt at bulls taking control. Moving average shows a gradual uptrend, while making a second attempt at...
Amazing bull action in the last couple days and 24 hours specifically. After the brief dip below the 200SMA we bounced back and rode for while only to break above previous levels of 9500. It seems hard to believe BTC will run back up through to the 15000 level and above... but we know how this pump seems to go. Wondering if the sentiment can really change that...
In 2000-2009 a big correction pattern took place. (C) = 161.% of (A) In 2009 a big bull market began. 5th(purple)wave = 100% 1st one = 18267, which completed ||| wave extention. Now DJIA is inside V wave of (|||). short-term buy targets to (3) red wave are: 21295(major) and 22291, which might be reached in March. after that I expect sideways/bear market, which...
We need to break the 24,800 level of previous support from back in Dec to continue this bull run. I suspect if we cannot break the previous support level, possible resistance, we may trade sideways for a couple months. Just food for thought.
US30 DJI key resistance zone is 24800-900 area If this selloff is for real .. Today it approaches this level in time for Inflation print.. Limit sell 24880 Stop 25020 for risk reward 2x
Looking for bounces or cross throughs. Neutral for now. We should see some short term down-side action, for sure. But a couple places where it could bounce off, heavy.
Vix spikes over the past year been sold off rapidly. But with Short Vix ETF under liquidation .. The current rally may have lags similar to May 2010 and Aug 2011.. Where we see couple of months of high readings supported by rising moving averages.. This also indicate further selling in markets