After a bigger correction there will be a further high.
Original DJI target of low to low = low to high was reached earlier than expected. Next target I am looking at is 26700 (.382 to .618 ratio from 2009 low), but I am also keeping a close eye on the NASDAQ since last Friday it finally reached its inflation-adjusted 2000 high. Long term charts that are inflation-adjusted can be very helpful.
The Dow is ready for a small correction till mid-Dec/end of year. Then either 25K or 28K by June '18.
Dow Jones Industrials: Easier than Nasdaq to Trade It looks like a lazy continuation pattern is forming back to 22393 before a good rally sets in again. This pattern will only change on any successful breach of either of the small parallels - to upside follow on successul break of upper parallel for another test of the larger parallel above.And if the lower...
Dow Jones Industrials Index: DOWI (End of Day) Short Term and Medium term Outlook At least the markets get the President even if no else seems to. It's quite impressive that people's pensions are worth 50% more than 2 years ago in many cases. How long can it go on? We can see that the Dow is pushing up against the upper limits of the two parallels that have...
Fundamental: I do not think that with the extension of the fiscal reform, the bullish euphoria will decrease in the index. Technical : As you can see in the attached image, the price at this moment is in a very important area, 1.61 fibonacci. what would be the culmination of the 3 "Super Wave". We should wait for the two confirmations that are in the graph to go...
The current bullish impulse is likely going to move on.
The third wave is about to end, so we could have a correction soon.
Worth a shot.
$DJI jits MLT trend resistance. RSI MACD turning over
Wave v of (iii) is about to end, so we could have a local correction soon.
I haven´t posted ideas in a long time because there was really nothing to say with the market grinding higher. I have noticed how the dow tends to respect whole numbers. Looking at the yr 2016 lows to current price, the dow has stalled at whole numbers more than it has traded right past them. Only two times did the dow trade past whole numbers at 17k and 19k....
Let's see how many indicators DOW can ignore. 4H macd about to cross, bearish div on rsi and a falling wedge. -------DO NOT SHORT DOW!!! THIS IS AN EDUCATIONAL/EXPERIMENTAL TRADE--------
The rising in federal fund rate FEDFUNDS is currently increasing with a mild inflation rate CPIAUCSL . Now we can see a trend that bonds and stocks are increasing altogether. That means the economy has recovered from 2008 crisis. The higher interest rate also means higher return from stock profits. I think the increase in the combination of stock and fed...
Trying to find the top... or at least 'a' top Looking for short setups - Not sure we're there yet but will be watching as we approach this wedge.
$DOWI 2.62 Fib ext and channel resistance. RSI MACD extreme reading along with SKEW. Short buildup likely