👌 Well, Well, Well.... she seemed to of had a rough Thursday just as we expected it to have. The main upward support level has been breached, which is not a good sign. What we are looking for next to be test and try to hold is not not too far away. 25k-24.6k as I have it label as a key level of support. We took this position on a 3 hour timeframe as the...
🤔 Will the stock market drop or fly high... Let's take a look! What is the big V pattern and what does it represent? I want you to focus on the structural support that we have drawn out connecting the 3 green arrows bottoms. This is a very key level of support that we want to take very seriously! We are all aware of the massive market selloff that we had in early...
If this goes higher later it's going to be baffling and if it does, it just might resist off the EMA 200 resistance of the Daily chart. To be honest, the way China pressured Hong Kong today was perfectly timed for the next scheduled U.S. jobless claims. I think they're trying to make the Wall Street people turn into a bearish sentiment. 😅 Not to mention Hong...
I've been running my mouth all over on here about a market crash so only right that I put my money where my mouth is. Here's my angle, lets see how it goes :). TVIX at great value right now (anything under $200 really) given the decimated fundamentals and extreme uncertainty. Looking to exit $400-$800 range within one month on crash depending on severity. Lets...
It's all running on hopes and dreams people. Gonna chunk down early June (maybe ~22) and probably hold on for dear life as congress fails to act and coronavirus weighs increasingly heavier than expected on the economy. If this thing breaks up, it ain't lasting very long before collapse. Will be volatile between 21 and 23 until that Q2 data hits and slaps people...
Dates in the future with the greatest probability for a price high or price low. The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will...
Whether old charts, new charts, big drops or smaller ones - charts with sharp drops in price share very similar characteristics. I decided to use two very different examples; one from a different period in time, though similar to our current move in size (Crash of 1929), and one from our current time period and though much smaller in size it still meets the sharp...
Would make a lot of sense if we are rejected here and continue to range in this zone. The new normal is 3-5% swings daily! Volatility will continue until the economy reopens.
Long Term Dow Jones Industrial Average target is below 10,000 This is not a forecast I want to make, but this is what my longer term analysis shows. I hope the forecast does not come true but this is what my analysis shows, which is based on multiple time frame analysis of volatility and momentum. Best strategy according to this analysis is to look for sell...
The Dow Jones Industrial Average rose more than 11% to clock its biggest advance since 1933. Dow Jones futures jumped Tuesday morning, along with S&P 500 futures and Nasdaq futures, amid optimism about a massive stimulus deal. New support at 20,000 for DJI. Not sure how long this rally will last because its basically akin to printing money to keep the economy...
short term slightly react to last year's support then continue the Elliot wave pattern. at the end hopefully we will have repeating pattern of 2009
The DJI is at a critical level. If we lose the 200MA weekly, we will drop to the next support. A lot of uncertainty in the market but what's certain is that we are in trouble if this important 200MA can't hold!
Dates in the future with the highest probability for price direction reversals
I think the general consensus is still to buy the dip. You will see 18K this year I do believe. We are way over due for a recession, quantitative easing wont save us forever. Our biggest trading partner is a ponzi scheme and sick with corona... but this is only speculation and by no means financial advice.
DJI (US30) SELL Entry 1 27,320 Entry 2 27,370 Sl 27,421 Tp.1 27,120 Tp.2 27,000 Tp.3 26,890
Hello to all watching my charts. Dow Jones is fine to trade by support / resistance and also trendline Trading. 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...
THE DOW JONES INDUSTRIAL AVERAGE INDEX DJI OUTLOOK MONTHLY CHART