The Dow Jones hit historical maximums. I believe this is just a bull trap and a big fall is on the cards. We see on the chart a big RSI divergence and the price printed somewhat of a doji just before season earnings started. Also MACD (not in picture) confirms the bearish momentum. It has been reported that earnings this quarter are going to be pretty bad and...
DJI , short to 26225 as first target , market priced all the good news, any bad news coming will be huge negative effect specially china trade war front , trade with huge potential as far as i can see . Good luck all
DJI is at weekly top again Great RR Also showing divergence 3 targets This is not trading advice just my own views
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...
1 of 3 The DJI has finished a complete three drive on the monthly tf while finishing the three drive of the monthly 4A-5D drive. The Bears were injected into the market on May '11 and have been building since then. $25,000 Phys number is being used as resistance for that price can manage to break above but it cannot close with a retest and a break higher for HH,...
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 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...
DJI has managed to get our off the sharp short channel i had marked fe day ago into a more wider short channel now i have marked in red to see them easily. But since 2 days we have also an established long trend to see at the blue long trendline which i have marked as support on the long side. Now we only can wait what will happens next. a) a brake of the...
SHORT DJI , TO 24600, TRADE DEAL ALREADY PRICED IN , SELL THE NEWS . GOOD LUCK ALL
Let's take a look at the dow jones. We see a destruction of the chart picture. The course has broken through the last low and caught again. should we see a lower high, the case is clear. We will see a clear downtrend trend (deeper lows lower highs). The 200 EMA was able to slow the Dow down (usually the course never breaks at the first meeting of the 200 EMA) We...
DJ:DJI CBOE:VIX 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.
Double Top Pattern on Dow Jones Industrial.. Volume confirms the pattern... Confirmation line and Target price have been given on the chart.
The Dow Jones rallied swiftly on Friday to hit resistance at 25100 levels and reverse. The spot rate closed at 24388 levels and it is expected to continue lower as US markets open today. Looking into the wave structure, the Dow Jones unfolded into an impulse drop between 26950 and 24100 levels earlier, labelled as Wave (1). Wave (2) possibly unfolded as a running...
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 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 !
The Dow just made a smaller version of the pattern it was already in to complete the formation. I found it interesting, so here it is:
Hello folks, there is my view on DJI =) Here are the my view with 3 price move variations, Always wait till price set up above/below level, wait for Retest and Enter into trade!