DJI - TA ANALYSIS - 'A perfect storm'
US NATIONAL DEBT - $22 TRILLION
GLOBAL DEBT - $244 TRILLION
"World economy at risk of another financial crash," says IMF
IMF warns storm clouds are gathering for next financial crisis
Two recession warning signs are here - CNN
The next financial crisis: Why it is looking like history may repeat itself - CNBC
I am waiting for a breakout to get in, there is higher value area above to reach today at US trading session. It is good to long US30@26200.00; Tp and Sl are to see on the depicted chart.
Short term Elliott Wave view on Dow Jones Future (YM_F) suggests that rally from March 9, 2019 low is unfolding as a 5 waves impulse Elliott Wave structure. In the chart above, we can see wave (2) ended at 25448. Now wave (3) ended at around 26507.
Up from 25448, wave 1 ended at 25823, wave 2 ended at 25744, wave 3 ended at 26289, and wave 4 ended at 26126 and...
Unemployment Rates have hit the lowest value since 1970. Each time the UnRATE has reached a bottom and bounced up, we have experienced a stock market decline, in some cases a recession. This also lines up with 7-10 years economic cycles. We are on our tenth year since our last stock market correction. What seems very interesting is the fact that Crypto looks to...
Here the turning point sin DJI
and new lows
But with the real points where you had the chance to trade that system.
In many cases the shwon trades of trading services have never been
there in realtime.
In also many other cases it has not been for normal traders
any chance to do it like the pros.
But here you are able if you...
I'm using Log chart on monthly time frame. Dow Jones Industrial currently trading in very similar fashion of how price action looked before Dot-com bubble.
Index must break 27000$ and trade above it for a while in order to continue higher. If we cannot get above recent top, more choppy action to follow based on almost identical structure we've seen before.
Big indecission in the markets leads to the situation being careful with trend following approaches.
The system of choice to get some points currently is a range strategy monitoring price action at the edges of support and resistance.
Is there a shift in demand and supply recognizable a trade away from support to resistance and vice versa could come up.
Hello everyone who is watching my charts.
Here is the update to the end of today's DJI trading day
The situation remains unchanged.
What should we pay attention to on Monday?
We now have 2 long trend lines
the one in the steep Long channel I have marked blue.
But I'm afraid this steep uptrend will not last long.
But below that we have an interesting 2nd...
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
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...