It didn’t take long for the major indices to get back to all-time highs, as they began this shortened holiday week with a solid rally on hopes for a trade deal. The prospect of renewed economic growth and favorable monetary policy have also played some roles for the rally.
Overnight, DOW rose 0.68%, but lagged comparing it with S&P 500 and NASDAQ. Obviously, the...
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...
The Dow Jones is progressing well into its Wave (3) at a higher degree as labelled here. Within the 3rd wave, a lower degree wave iv was unfolding last week and we had discussed the possibility of its termination around 23200/300 levels. Last Friday, Dow Jones managed to hit 23365 levels intraday and closed around 23000 levels as seen on the chart displayed here....
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.
basic upside trend is still intact - and runs around 19500 (today) and even around currently prices around 19838 (while 23rd december`16). How ever much more important is the 19810 price are, in my opinion! `Cause this price was the low before yesterdays fed rate hike. And from this point of view, technicly bulls need to defeat this price areafirstly, to get...
let me first clarify: "i got cold feets traders - & closed my both long positions in AXP & GS"! I am thinking that we will can buying both shares a little bit cheaper, in the next few days :shades: ...
In the YM1! i am still long, not only `cause the sentiment is by far not so euphoric even like in the banks & financials. And by the way the chart is also looking...
Wishing you all a happy weekend - I will not be free much this weekend so wanted to share this chart this morning. The eurusd call was completely as expected which was brilliant for us all, please see the related idea if you have not already plenty more opportunity before we reach parity. There are still plenty of people who continue to think...
The reason why we feel DJIA may Rise.
* On weekly basis it has started moving up
* To Rise and come near 17287, 17418 levels .
* Stoch RSI (3,3,14,Close) is Rising.
* RSI (14,CLOSE) is Rising.
* CCI (20,CLOSE) is Rising.
Keeping all the above indicators in view along with the chart pattern we expect it to Rise. Our Buy call shall be from Buy above :17151,...
DJI is expected to sink now.
There are many reason why we feel it may sink.
01. It is below quarterly buy level.
02. hammerl in daily Chart.
03. To sink and may come near 16150
04. Stoch RSI (3,3,14,Close) is not clear.
05. RSI(14,CLOSE) Is Bearish.
06. CCI(20,CLOSE) Is also sinking.
Keeping all the above indicators in view along with the chart pattern we...
DJIA is expected to rise.
There are many reason why we feel it may RISE
01. It is trying to touch Monthly Risk buy level of 16719.
02. BULLISH ENGULFING in WEEKLY Chart.
03. To RISE and come near 16597.
04. Stoch RSI (3,3,14,Close) clearly states it may RISE.
05. RSI(14,CLOSE) Is also of the same view.
06. CCI(20,CLOSE) Is of the same view.