The Dow Jones index (DJI) broke above its 1D MA200 (orange trend-line) early this week but got rejected on the 0.618 Fibonacci retracement level (from its January 05 All Time High (ATH)). Failing to hold the 1D MA200 as a Support, can result into a short-term pull-back to test the lower Fibonacci levels (0.5 and 0.382) as well as the 1D MA100 (green trend-line)...
Lower, far lower lows are ahead.
SPY Gaps:
400.76
338.66
285.67
235.77
Every one of these will be filled from October 2023 to March 2024.
The DX will return to 125.
Bond Yields 4 to 6% at a minimum regardless of the FED's utter nonsense.
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Keep it simple, the Indices will...
Stocks have steadily drifted down from highs at 4327. Retail sales data on Wednesday confirmed the impact that high inflation is having on the economy, and investors are fearing another 75bps rate hike in September. We are seeing a lot of resistance at current levels confirmed by red triangles on the KRI. However, we are also seeing support at 4245, at least...
update on august 5th vision
A little early to confirm.
looking for wave 4 retracement towards the 38 Fibo zone.
target 33500 - 33120 - 32710
timing 1 month more or less for this wave before final excess into October
if wave 4 materialized with a reaction around 38/50 fibo and we reach 34800 / 35000: great zone for short until end of year
Stocks keep edging higher, breaking new relative highs albeit gradually. We broked from 4272 to 4293. The difference between daily highs is decreasing, suggesting a retracmenet could be near. If so, 4214, or 4188 are good candidates for support. If we are able to rally again today, then 4306 is the next target. This would also be the first technical level in...
Here we a potential buy at 1778 with a target of 1830 - 1837, stop loss below the low of 1773
We are looking for a bullish trend continuation from the .618 zone in the green box. Targeting the 1.618 extension & Daily time frame 50% confluence within the 1830's
as predict before ,dow reach 33800 area (can touch 34000)
under 33800 we have powerful trendline , so after pinbar comes on 1hour,4hour or daily chart we can sell with SL= pinbar high
if you have old sell (why dont put SL on high ? here no SL=margincall and loss) near 33130 you must close all or hedge
good luck , if dow break trendline can fly up to 35200...
All,
Pretty obvious rising area here which usually results in a dump. Personally I would be split here on calls and puts and wait for conformation. I give it 70/30 odds it drops.
However, I think we all know SPY/market loves to give an impression and do the unthinkable.
A) can we get positive news on war
B) can we get sp500 ER / good news on some ones that are...
The Dow Jones Index (DJI) has finally entered the Rejection Zone that we wrote about last week, consisting of the 1D MA200 (orange trend-line) and the 0.618 Fibonacci retracement level:
With the RSI on the 1W time-frame at its highest level since January 17 2022 but more importantly the 1W MACD on the first Bullish Cross since this 8 month Bear Phase started,...
Stocks got a pump from CPI data yesterday. The figure came in at 8.5%, one of the highest in history, however the estimate was 8.7%, so it technically fell short of expectations, even though this figure is still well higher than normal. After this reading, the implied probability of a Fed hike of 75bps fell 30%, which gave the markets a green light to rally. ...
Hi, and welcome to today’s update. In today’s video update, we’re looking at the US30 and wondering if today’s CPI could break the consolidation deadlock we are currently seeing price sitting in.
Price continues to be held in an ascending triangle pattern, and in uptrends, these are typically seen as continuation patterns. We can clearly see that price remains...
dear traders in investors we see dow jones making double top and that give us high probability to sell in 20% i expect target will be in 32750 trade safe
Stocks got a nice lift yesterday, but faced resistance exactly where we anticipated, at 4188. We faced strong resistance there confirmed by multiple red triangles on the KRI. These levels also coincide with highs from earlier in June, so it will take formidable momentum to break through. We are seeing strong support from 4144, and will have further support from...
exclent NFT news on friday , will push dow up this week !!!
if you have old sell , in deep hedge them and wait (never close buys frist)
strongly advice looking for buy , dont pick sell (only under red arrow +pinbar comes SL=pinbar high)
in 35200 we have powerfull support too , dow will see it too
i wish you win , stand on very very low and fix size
Stocks are tending toward the upper bound of the value area, forming what appears to be a bull wedge. We have been flirting with higher levels in the 4000's established from a value area formed back in June. We seem to have a hard upper bound at 4178, but the Kovach OBV is still strong, suggesting that we have a bull divergence. If we break out, then 4188 will...
Most of June and July were spent accumulating health care/industrial sector stocks.
A nice rally proved profitable picks across all sectors of the market, several stocks seeing double digit gains.
This week we clearly see a test of a major downtrend which began on 01/01/2022.
We should be ready to see some downside coming into this week, or a test to 31160.
I...
