djiaforecast

Next Big Target DJIAverage to 31k?

DJ:DJI SP:SPX I'm seeing the same thing on the SP500 and the DJI index.

Now we have an interesting sign here. DJI has break ot of the short channel (i have marked them in red) and comes bak to our well known blue trendline from 11.3.2019 Thats a really strong sign. DJI managed not only to go sideways out . Strong up and trading along the long line in blue. I exspected now higher prices Also to notice We have taken out the...

DJI has managed to get our off the sharp short channel i had marked fe day ago into a more wider short channel now i have marked in red to see them easily. But since 2 days we have also an established long trend to see at the blue long trendline which i have marked as support on the long side. Now we only can wait what will happens next. a) a brake of the...

In the opposite direction to the Nasdaq situation we have here now the DJI. DJI is still caught in the bigger short channel i have marked in red lines. He tried to go out at end of yesterday and start of todays trading but the outbreak failed. Now the upper line (i have matrked the channel in red lines) is the important resistance line for the ext trading...

DJI is now rading in he new short trendchannel i have marked them with red lines. These channel is split in a smaller more shorter range i have marked ht upper line of that part of channel in purple and the its own lower side , marked in red. So in a few words: Between the lower red and the purple line has been the shortest range. 1 Time Buyers have tried to...

At end of trading day 7.3.2019 there is now really news to tell. We have established now a new short downtrend channel i have marked in purple to have a road for the next days. There is also as you can see a trend resistance channel with a deeper fall, i have marked with orange resistance line. I think in 1 of these channels we will se DJI tomorrow and than...

Exactly as described in the last Ideas the DJI is in Short Mode. I have added the new short trendline which is very steep. Maybe the will break and we eill get a more flat short lower trendline but that will not change the setup. The Make or break is again 25890 If its going not above thet level the setup still is short.

As i wrote in the chart the resistance line at 25880 (nearly) is to beat for long. For today the bulls havent had enough power to kill it. That seems to be at the moment that situation is still short but we have a chance for a long change if that resistance will be took out from the market. On the other hand if the next days the come back above this line...

Its exactly as described in the older publish from today morning DJI comes to that the short trendline resistance (Orange color) and go south at the moment. But that is to watch carefully. maybe we will have later today or tomorrow a jump above this line. If that will be the setup short will be going wrong. But at the moent its still short.

Mow we are in Short aerea Trendlines shows short channel is building up 25872 art end of today And tna . 2 Resistance zones are above us now 26100 and 26150

DJI took the chance to go our of the yesterday established short channel and are now on track in the old long channel again.

Now the Dow Jones has established today a new Short signal and is going down in a new short channel. We have to check tomorrow whether its going out of this channel sideways now , or whether its going further down manufested in the short channel

Not financial advise. Do your own research. The ideas shared here are the personal opinions of the BitDoctor team. Trade at your risk. Wow. What a rally. Looking at different indicators and charting methods, I've found some confluence I'd like to share with you. 1. We got rejected at what would appear to be some resistance based on a pitchfork. This seems to...

The Dow Jones turned bearish yesterday, indicating that a meaningful top could be in place at 24860 levels, but be prepared for yet another high around 25100 levels as well. Kindly note that a major price resistance is seen at 26000 levels, which is potential Wave (2) termination as labelled on the chart view here, and prices should ideally stay below that, to...

DJI Average.

The Dow Jones hits fibonacci resistance at confluence around 24000 levels. It could just be a matter of time, before bears take control back and continue lower, as Wave iii progresses. Believe it or not, the wave counts are clear as highlighted here, and a potential higher degree Wave (3) has been unfolding since the 26000 levels. Furthermore, a lower degree wave...

The Dow Jones inched higher to 24000 levels yesterday before closing at 23879 levels in the spot segment. If the earlier wave counts discussed were correct, the Wave iv projection stands invalid for now since prices penetrated Wave i termination at 23881 levels. As discussed yesterday, the structure still continues to remain bearish and in fact a lower degree wave...