Dow Jones is trading within a Channel Up that has recently broken below the 1D MA100 (green trend-line). This is the first time in two months that is giving the first strong buy signals:
* The RSI is near the 30.000 level which has marked price bottoms on June 18 2021, October 29 2020 (in the post COVID crash era).
* The price is approaching the 1D MA200 (orange...
US30 took a very steep fall today. However, if you look back to the week of July 16th, 2021(a week of another steep fall for the Dow), price recovered at a very similar point. The neckline at 34143 of the head and shoulders was a momentary point of rejection back in July and I believe price will push off of 33970 after bulls come back into the market.
After their meltdown yesterday (second worst in history by some sources), stocks have pared back losses, retracing just above the 50% Fibonacci retracement level of the entire move. Indeed, we appear to be seeing the typical 'V-shaped recovery'. We will see if further developments in the Evergrande saga can sustain current levels or if we will have another...
The larger issue will be whether or Not they trap SELLERs looking for the
Monthly Gap Fill @ 28.2K.
The DOW has been weak on a realtive Basis given the 34053 has Broken, this
was important Support @ Monthly.
Support lies at the 34139 level on the Weekly closing basis.
This will imbue SELLERs as technical support is @ 33120 followed by 31848.
Stocks have plummeted from the news that Evergrande, one of China's largest real estate developers, may file bankruptcy. This would effectively make them "China's Lehman Brothers". Risk sentiment is extremely risk-off right now. Stock indexes world wide have plummeted. The S&P has sliced through the 4400 handle with ease. We should have support from 4364 and...
Yes, I'm crazy enough predicting the crash !!
The COVID Crash of March 2020 (Source: corporate finance institute)
The market collapse in March 2020 was caused by the government’s reaction to the Novel COVID-19 outbreak, a rapidly spreading coronavirus around the world. The pandemic impacted many sectors worldwide, including healthcare, natural gas, food, and...
DJI / US DOLLAR OVERVIEW
Every time I've heard someone mention DJI and the so called 'upcoming crash', it almost sounds too repetitive and at the end of that same week you'd see DJI, DOW climb higher and higher to everyone's dismay. Well, we might finally be nearing or entering the new 'phase' of the stock market and global economy as a whole where we will...
TATA MOTORS (DAILY)
1. The recent rally was due to 5*21 EMA crossover.
2. We have a breakout from a high resistance supply zone.
3. A pin bar formation at supply zone & POC indicates presence of bulls.
4. The next resistance can be felt at 330, 343 & 360 levels.
POST 360 Breakout, good momentum can be experienced.
This idea is a long time before, so maybe it's coming the time, its an ending formation that means wave 4, have to go inside wave 1 let's see!
The red arrow should not go straight, as I just show, I will update
Dow Jones - Worst Case Scenario - The Dow has not been able to break $36,000. We have to prepare for the worst case scenario - A Drop to at least $33,000? We will see? What will the news story be? Market shake up? Edutainment Purposes Only.
We've been on quite the bullrun this year. I think it's time to go short.
For the first time this year, we have fallen below the 50ema on the Daily and failed to recover above it. We normally recover same day or next but its been 6 trading days below the 50ema. We made a lower low in June which signaled a sign of weakness in the uptrend. Now we are...
Fairly simple trade again this time round! DOW had an unwarranted drop from the top of it's channel on seemingly no news, and had a healthy bounce at the bottom. This enough wasn't really enough for a trade, as we kept running into resistance around 63.80. Now that we're over it, I'm comfortable loading a position.
I'll be playing 65Cs and 67.5Cs expiring 8/20,...
DIA (Dow Jones Index ETF) has been uptrending in 2021, on daily and weekly charts.
However, price is currently consolidating between $352.18 and $355.83.
-DIA price breaks up above resistance to establish a higher-high.
-Resistance levels: $355.83, $358.07, $361.59.
-DIA price pulls back down to test support levels...
This line of resitance has held up for 10 years. I wouldnt expect to see it be broken now. Given all that is going on in the world along with the Evergrande situation.... I think it's safe to say we've reached the top.