Last week, price had a nice recovery by ending the week with at least 3.5% gain, after bottoming out at 260.00 last Monday. Now price is trading just under the topside level of the bearish channel. With elections tomorrow, the market is bound to enter a period of very high volatility. This means that price could easily reverse back to the bottom level of the trend...
Possible head and shoulders on the DJI, opening the oppertunity for a bullish upswing on a small time frame. In the big picture things still seem bearish, keeping in mind the recent interest rate spikes by the FED and the ongoing tradewar with China.
I believe we will see some buying pressure at 25k and possibly push through 27k before the year is out. The weekly chart is showing an outside day bar from the lower Bollinger band.
I'll have my stops just below 23900.
Buy order at 25k.
Hello everyone,
as predicted in my last analysis (long term), the dow has moved up – so far so good. But now, we want to know, how to trade the next movements (shorter term).
First of all, we are most likely in a complex corrective structure (wave 4, purple in brackets, as you can see in the chart of my last analysis; please check link below). Forth waves are...
The US elections next week are an obvious inflection point, not just for the US but for stocks globally. The initial reaction would be easy to gauge: up for Trump, down for the Democrats. If the Democrats take control then they will reverse all of Trump's progress. The market reaction would be negative.
That is not to say that the market rally would be dead. In...
Dear Friends!
D4rkEnergY is here to spread more wisdom to you. Not a lot of people talk about it, but I'm gonna show you, why a New Market Crash is more likely to happen now than you think.
Let's therefore take a look at the Weekly Dow Jones Index.
We need to make a higher high now - if we don't we will be trapped in a big head and shoulder formation. Is that...
Traditional markets have taken a beating, but should see some sideways action or even a bounce leading up to the Midterm Elections in the United States.
Bears will be looking for a dead-cat bounce to exit at a better price, and bulls will want buy prices back near year to date lows.
From a chartists perspective the DJI is showing a confirmed bullish reg...
The US-China trade war fears have subsided after a positive phone call between Trump and Xi yesterday. THe markets dismissed Apple's worse results and continued bidding up stocks.
We're now in full recovery mode as suspected, with retail traders shorting into this rise.
Markets still overbought. Lots of uncertainty still looming. Last few days of pumping was probably distribution. Our flagship Apple is crashing, Markets will follow. Based on Fractal analysis, I think we see a double bottom at the minimum from the February Lows. SP:SPX
Hello Traders,
YM short-term Elliott wave view suggests that a bounce to 25845 high ended red wave “b”. Down from there, red wave “c” unfolded as ending diagonal structure i.e lesser degree cycles within black wave ((1)), ((3)) & ((5)) also unfolded in 3 swings structure. Where black wave ((1)) ended at 25220 low as zigzag structure. Up from there, a bounce to...
Positive signs from the Dow as we overtook 25000 yesterday. We still need to clear the 25300/400 zone which is
holding the market down still, but we have definitely stabilized now and fears of a crash are gone (for the moment).
We may see some consolidation now ahead of the US Mid-Term elections on Nov. 6th.
Price tried to trade lower to create a new structure low and to retest the support levels at ~24209 and futher down at ~23980. While waiting for yesterday's sell, I was expecting a rotation and a short-entry between the 50% and 61.8% Fib Correction. After the sellers came in around there to correct weak, buyers dominated and traded price higher creating immediate...
