DJI (DOW JONES) has made some retracement expecting a small reversal again before the bulls come back in SUPPORT THE MOVEMENT WITH YOUR LIKES, COMMENTS AND FOLLOW FOR MORE
As described yesterday, the buyers came in strong out of support areas at ~24100. Price broke through the 25000 level and created a new structure high by breaking the last highs as well. In the more immediate order flow price created a 1 to 1 to the upside reaching 25300. Price corrected strong and broke the immediate structure at ~25070. I am expecting price to...
Gaps are being filled. The election will be the decision maker.
any close below medium term trendline (red line) will confirm medium term breakdown, and any close below blue line will tell us is a double top topping. 2019 gonna be interesting.
Cant get much better than how this trade I spanning out.
All I have to say is. R.I.P US economy. I don't care about the fundamentals only that the effects of the fundamentals are forecasted into price. Price tells mee all I need to know about the fundamentals and I don't even need to look at the news to tell you that we're in for a rough time. Look so very like Wyckoff distribution on the weekly. 6monthly chart looks...
DOW JONES DJI - Connect the dots Keep in mind that I am not your financial advisor, with that said below is my quick analysis which I have done on my previous chart, but if you have not read it already, it will still be relevant In recent weeks, October 10-11 to be exact we have observed an over 1200 point drop as interest rates have risen. Do you think it was...
DJI (DOW JONES) should be retracing to Fibonacci retracement level of 0.618 as per the blue arrow. Also Stoch RSI is going is also on the up See previous analysis PLEASE LIKE, COMMENTS AND FOLLOW FOR MORE
There is a negative divergence for the RSI; also it seems to form a head and shoulders pattern. There is quite a probability that monthly candle might form an engulfing bear, if you see that, it is a good sign of entrance to bear market.
In recent weeks, October 10-11 to be exact we have observed an over 1200 point drop as interest rates have risen. Do you think it was just an accident? Well many will tell you YES, it's just a short term downtrend, but what did many 'analysts' say? They said that this is a 'short' term correction. What is our 'key phrase' here? 'Short' term. When it comes to...
With the US30USD price sitting at a strong horizontal and upwards trend-line support - the market technical analysis here points at upwards movement (Strong pin-bar bounce from support line). Although our market analysis points towards a potential move up, you should only enter a position if you see a strong break-out above the 25,500 level. The DJIA could...
Just quick thoughts. Probably wont publish until opening bell though.
Dji starts at 9:15. Trading view forces the last viewed chart to take precedent for the category.
DJI has a massive Bearish Divergence on the weekly. RSI shows a top rejection. Looks like the perfect storm for an economic crisis.
In my last commentary I noted that the Euro could bounce. The Dollar has just broken significant support as I write. I have short EURUSD positions remaining, but I'm strongly hedged with a DXY short. I'm also long Gold and Silver, as a counter-trend short Dollar play. I also noted that political confusion concerning Trump could make the US markets 'choppy' -...
Dow Melt Up ? How much inflation can they stuff into stocks before investors & traders wake up to the fact that PE ratios are in bubble territory !