27420-27460 is the overhead trend-line resistance...but how can the US Stock market resist 28000? Or even 30000? They just love hitting the big numbers.
If you are greedy to short here, wait for 27400s...trend-line resistance there.
The DJI has formed an Inverse Head and Shoulders Pattern, a break above the neckline will signify a pretty big move to the upside. However, it also is showing a Bearish Divergence on the RSI. If we fail to breakout, I believe we could see a sharp move down. It is also interesting to see Gold breakout recently, proceed with caution.
26-Jun Forecast timing analysis by pretiming algorithm of Supply-Demand strength Investing position about Supply-Demand(S&D) strength: In Rising section of high profit & low risk Supply-Demand(S&D) strength Trend Analysis: In the midst of an adjustment trend of downward direction box pattern price flow marked by limited rises...
Hello to all watching my charts Here i show the Dow Jones after the Fed Meeting and market is closed on 19.6.2019 My channel system tells me we have still a Long Channel and a long position should used. BUT (what i normally not note ) we have now really a lot of resistances in front which i have show also in blue color. As you know form my other posts i always...
Stock investing strategies Read more: www.pretiming.com Investing position about Supply-Demand(S&D) strength: In Rising section of high profit & low risk S&D strength Trend Analysis: About to begin an upward trend as a adjustment trend gradually gives way to increasing limited falls and strong rises. Today's S&D...
2879 is well supported. Bullish momentum is going strong . Shall see how the trade deal goes next week. Retracement back to 2879 for a long , watch 2952 closely, price might bounce off from there back to 2879.
Hello to all watching my charts. Here is the Dow Jones DJI in a 1 HR in my chartsystem with channel trading. At the moment we are long and we will check on monday whether these channel will continue to give further up the direction or if the index will fall out or make a break out. Whats very interesting is that same channel in the past has function as support...
DOW/DJI graph looks like it's in consolidation.The blue lines (solid and dotted) represent areas where I expect the price to go up/down to. They are the support and resist. The green circle represents a period of time where I think the consolidation will come to an end. What is consolidation? It's when the market is undecided if it will go up or down. What...
A very nice morning star formation. With market participants expecting the Chair of Federal Reserve reducing interest rate in the near future, we might see 2879 by the end of this month. This is a trend continuation trade.
Are we set up for a recession in the coming years?? Looks like a classic Wycoff Market Cycle pattern. Paired this with Fibonnaci to predict levels.
simply the thing is to see what happened last time ( year 2018 ) with the famous commercial war, and its result in the index, a marked negative readability ( end of 2018 ), why would it be different now? Well, it will not be. we will see the same results as the previous time, of producing this war in all its splendor this series the most probable scenario. // to...
Time for a necessary update on the stock market - namely the Dow Jones Industrial Average. I decided to draw this one using the pitchfork tool, to create parallel channels for accuracy. My other DJI charts were drawn with more of a wedge. This chart uses a slightly different model, so some price targets may be revised from my initial speculations. Back in...
Hi traders, 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. Happy trading!
Here the turning point sin DJI new highs (Blue Line) and new lows (red line) 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...
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...