Hello to all watching my charts.
Dow Jones is fine to trade by support / resistance and also trendline
Look at the chrt for today.
We have support in the aerea 26730 (blue line) and we do have
a LONG trendline which is now 26855.
But the the support levels to watch out.
I count only END of 1 HR information.
So a level below that which is...
Dow Jones are right now in a decision mode.
26750 is the key Level which must hold for Long
in a Longtime View.
In shorttime we are ahsort since 26980 broke with
Now there is the Long Trendline in BLUE which is in danger
Watch out these and the 26750 Level to decide the direction.
For new Longs in short timeframe we must climb above 26870
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...
DJI is in a downtrend and a down trend channel.
We also have a big resistance at 26250.
To make a long signal, the index would first have to climb above the upper channel line (blue).
If that happens best for Long would be a direct increase to above 26250
Till that DJI is in Short Mode
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...
DJI is in a clear downtrend. The market formed a double top, broke the neckline of current formation, and completed its first bounce. After the bounce, which I suspect is almost over, the market will continue its' downtrend.
From the technical point of view, the E-MINI DOW JONES FUTURE is in an intact slightly optimistic upside trend.
I am pretty kosher bullish and would prefere to buy back above 19000 - even between 19150 & 19100 ...
I don`t think that US Labour Data or even FED Chair Woman Yellen will stop this trend !?
& analyzed it again
- it`s always your choice ......
DJI is expected to RISE now.
There are many reason why we feel it may RISE.
01. It is taking support at quarterly levels trying for a big jump.
02. Bullish engulfing in daily Chart.
03. May reach weekly target 16326
04. Stoch RSI (3,3,14,Close) states it may rise.
05. RSI(14,CLOSE) Is also of the same view.
06. CCI(20,CLOSE) Is also rising.
Keeping all the...